Part of a Hawaii themed cruise ship is seen near the Russian-owned super yacht Amadea, which was seized in Fiji by American law enforcement, while it is docked in Honolulu, Hawaii, U.S. June 17, 2022. REUTERS/Marco Garcia/File Photo Acquire Licensing RightsCompanies Polyus PAO FollowNEW YORK, Oct 23 (Reuters) - The United States on Monday sought the forfeiture of a $300 million superyacht it says is controlled by billionaire Russian oligarch Suleiman Kerimov, who is under U.S. sanctions. He amassed much of his wealth through a stake in Russian gold producer Polyus. Khudainatov sued the United States on Monday in federal court in San Diego to release the yacht, according to a copy of the complaint provided by his lawyer, Adam Ford. "The Amadea was seized upon false premises driven by political motivation," Ford said in a statement.

Source: Forbes October 23, 2023 16:00 UTC