A Russian oligarch's $325M superyacht has been seized in Fiji

A superyacht that American authorities say is owned by a Russian oligarch previously sanctioned for alleged money laundering has been seized by law enforcement in Fiji, the U.S. Justice Department announced Thursday.

A judge in Fiji earlier in the week permitted U.S. authorities to seize the yacht Amadea — worth $325 million — but also put his order temporarily on hold while defense lawyers mounted a challenge.

The Justice Department said authorities in Fiji, acting at the request of the United States, have now served a search warrant freezing the yacht, which had earlier been prevented from leaving the South Pacific nation.

American officials say the 348-foot vessel belongs to Suleiman Kerimov, an economist and former Russian politician who was sanctioned by the U.S. Treasury Department in 2018 and has faced further censure from Canada, Europe, Britain and other nations after Russia invaded Ukraine.

Kerimov made a fortune investing in Russian gold producer Polyus, with Forbes magazine putting his net worth at $14.5 billion.

Defense lawyers had claimed the yacht actually belonged to another Russian oligarch.
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In an application in support of the search warrant, an FBI agent wrote that there was probable cause to believe that Kerimov had owned the Amadea since 2021. The vessel, which is flagged in the Cayman Islands, had turned off its automated information system on Feb. 24, the day Russia launched its invasion of Ukraine.

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