Uzbek-born Billionaire Alisher Usmanov Takes On German Prosecutor

Uzbek-born Russian billionaire Alisher Usmanov has filed a complaint alleging a violation of his rights by officers of the General Prosecutor’s Office in the German city of Frankfurt am Main. A criminal case has been opened against two prosecutors, according to the newspaper Bild.

In 2022 Usmanov was accused of money laundering, prompting law enforcement to search a villa linked to him on Lake Tegernsee in Germany, an apartment near Frankfurt am Main, and a yacht, Dilbar, which was then moored at the port of Bremen. In 2023, a Frankfurt am Main court ruled that the authorities’ actions were illegal. The court ordered the return of property confiscated during the search, but this has not been fulfilled. Currently, a preliminary investigation is underway as per Usmanov’s complaint.

According to Statista, Alisher Usmanov ranked eighth among Russian billionaires in 2023, with a net worth estimated at $14.4 billion. He has been under EU sanctions since 2022, and is suspected of money laundering and tax evasion. Usmanov appealed the EU sanctions, saying they will lead to the bankruptcy of major Russian companies in which he holds large stakes – MegaFon, Metalloinvest and Udokan Copper, noted The Wall Street Journal.

The U.K. had until recently imposed restrictions on the billionaire’s sisters, Saodat Narzieva and Gulbahor Ismailova, and his adopted son, Nathan (Anton) Wiener, before these were removed in 2022. It was reported that several accounts in the Swiss bank, Credit Suisse, with assets in excess of $2 billion, were at one point registered under Narzieva’s name.

According to Usmanov, in the near future he intends to step down from his positions in business, and engage further in philanthropy.