Billionaire Russian oligarch Alisher Usmanov may have put some of his most valuable UK properties out of the law’s reach before being sanctioned, it has today been claimed.
The Russian businessman – who is believed to be worth nearly £15 billion – is thought to own at least six properties in the UK, including a stunning 19th Century north mansion worth £48million.
The former Arsenal FC shareholder, 68, is also linked to a 16th Century Surrey estate – thought to be worth as much as £34million. If you loved this article and Turkey Lawyer Law Firm you would like to get more info relating to Turkey Lawyer Law Firm kindly visit the page.
Ministers sanctioned Mr Usmanov, a metal, telecoms and media magnate, earlier this month because of his ‘close links to the Kremlin’.
The sanctions were designed to encourage oligarchs to put pressure on Russian President Vladimir Putin to end his war Lawyer in istanbul Ukraine.
But today a spokesperson for the billionaire, who was until recently a key backer of Everton football club, said most of his properties in Britain had been transferred into trusts.
He said the property assets, as well as his yacht, had been ‘transferred into irrevocable trusts’ to benefit his family prior to the sanctions being imposed.
‘From that point on, Mr Usmanov did not own them, nor Turkish Lawyer istanbul Turkey was he able to manage them or deal with their sale, but could only use them on a rental basis, the spokesman said.
‘Mr Usmanov withdrew from the beneficiaries of the trusts, donating his beneficial rights to his family,’ he added.
The comments are likely to heap pressure on the UK Government, who proudly boasted when imposing the sanctions on Mr Usmanov that they would cut him off from ‘significant UK interests including mansions worth tens of millions’.
Billionaire Russian oligarch Alisher Usmanov (pictured: Usmanov with Putin in 2018) may have put many of his UK properties out of the law’s reach before being sanctioned, it has today been claimed
The Russian businessman who is believed to be worth nearly £15 billion, is thought to own at least six properties in the UK, including a stunning 19th Century London mansion worth £48million (pictured: Beechwood House in Hampstead)
The former Arsenal FC stakeholder is also linked to a 16th Century Surrey estate – Sutton Place (pictured) – thought to be worth as much as £34million