Fiji Court: US Can Seize Oligarch’s $325M Megayacht

Bloomberg News reports:

Fiji’s High Court has given the green light for U.S. and local authorities to seize a $325 million megayacht whose ownership is in dispute, setting the stage for a legal showdown to determine whether the luxury vessel’s owner is sanctioned Russian gold billionaire Suleiman Kerimov as the U.S. claims.

The Suva High Court on Monday granted the order to seize the Amadea superyacht and accepted an application to register the U.S. warrant to seize the vessel, according to Fiji’s Office of the Director of Public Prosecutions.

A Fijian court had earlier ordered that the megayacht be detained and prevented from leaving the territory while authorities worked with U.S. officials.

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