A Russian oligarch's seized $75 million superyacht will be first up for auction, report says
A superyacht belonging to Russian tycoon Dmitry Pumpyansky will be the first seized. vessel to be auctioned following an order from Gibraltar's supreme court.said in a videoIn most cases, authorities cannot sell a seized superyacht without going through legal battles, saddling them with running and maintenance costs that canJPMorgan was involved in the seizure of the vessel in March after Pumpyansky became subject to western sanctions.
Although the $75 million superyacht is owned by the Russian billionaire, it is run by an management company called Pyrene Investments, according to eSysman Superyachts. JPMorgan had lent $22 million to Pyrene Investments and Pumpyansky's inclusion on the sanctions list meant that the loan agreement was breached, according toPumpyanksy made his fortune in the oil and gas industry. He joined forces with Sergei Popov and Andrei Melnichenko to acquire pipe conglomerate TMK before buying them out in 2006. TMK has supplied Russia's state-owned gas company Gazprom since 1998.
Turkey has been a favored destination for superyachts as Ankara hasn't sanctioned Russia, meaning that oligarchs' assets are safe from seizure in its waters. A $156 million superyacht owned by sanctioned billionaire Andrey Skoch, one of the richest members of the Russian Duma, wasSign up for notifications from Insider! Stay up to date with what you want to know.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Russia hits Ukraine with air strike from Belarus for first time: KyivUkrainian officials said Saturday that Russia fired missiles from Belarus to drag the country 'into the war in Ukraine as a direct participant.'
Baca lebih lajut »
Putin ally announces first city Russia will strike if World War 3 startsPanelists on Russian state TV channels have made repeated threats of missile strikes against capitals of European countries.
Baca lebih lajut »
FBI seizes 25 Jean-Michel Basquiat paintings from Florida museumInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
Stranger Things May Change Will's Birthday After Season 4 Plot HoleThe StrangerThings creators admit they might pull a 'George Lucas' and retcon Will Byers' birthday after a season 4 plot hole made it seem like everyone had forgotten. 'I don’t sit down and rewatch my seasons. I don’t know the last time I saw season 2.'
Baca lebih lajut »
Chechen leader claims Russian troops have seized Zolote, GorskoyeAerial footage reportedly shows Chechen troops bombing a Ukrainian stronghold amid claims they have seized the towns of Zolote and Gorskoye.
Baca lebih lajut »
FBI seized Nevada GOP chairman's phone over fake electors: ReportThe FBI has seized the cellphone of the Nevada Republican Party chairman as part of an investigation into a fake elector scheme, according to a report Thursday.
Baca lebih lajut »