According to an affidavit filed by an FBI agent, Abramovich “owned and/or controlled the Gulfstream and the Boeing through a series of shell companies.”
A chart detailing the ownership of planes lists Abramovich as the beneficiary of an entity in Cyprus named “The Europa Settlement Trust,” which in turn had ownership and control of an entity called Wotten Overseas Holdings Limited in the island country of Jersey.
Wotton, in turn, had ownership of a Jersey-based shell company called Clear Skies Flights Limited, which owned the Gulfstream, the affidavit says.
Wotton also owns another shell, Wenham Overseas Limited, which is based in the British Virgin Islands, and which owns the Boeing jet.
In April, authorities in Jersey froze assets valued at more than $7 billion that are suspected of being connected to Abramovich.
Jersey, part of the Channel Islands located off the coast of Normandy, France, is a self-governing country whose head of state is Queen Elizabeth II of Great Britain.
The United Kingdom provides military protection to the island.
A week after Russia invaded Ukraine in late February, Abramovich said he would sell the renowned London professional soccer club Chelsea, which he had owned for nearly two decades, and use proceeds to “benefit all victims of the war in Ukraine.”
The British government in May approved Chelsea’s sale to Todd Boehly, a co-owner of the Los Angeles Dodgers baseball team, for more than $3 billion. It is reportedly the highest price ever paid for a sports team.
Source Article from https://www.cnbc.com/2022/06/06/doj-moves-to-seize-2-planes-from-russian-oligarch-roman-abramovich.html
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