The United States has won the latest round of a legal battle to seize a $A456-million Russian-owned superyacht in Fiji, with the case now appearing headed for the Pacific nation's top court. Fiji's Court of Appeal dismissed an appeal by Feizal Haniff, who represents the company that legally owns the superyacht Amadea. Kerimov made a fortune investing in Russian gold producer Polyus, with Forbes magazine putting his net worth at $16 billion. The ship became a target of Task Force KleptoCapture, launched in March to seize Russian oligarchs' assets to pressure Russia to end the war. Haniff, who represents paper owner Millemarin Investments, argues the owner is another wealthy Russian who doesn't face sanctions, Eduard Khudainatov.

Source: Forbes May 29, 2022 00:54 UTC