German prosecutors will drop investigation of Russian magnate Usmanov upon payment of $12M fine
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German prosecutors will drop investigation of Russian magnate Usmanov upon payment of $12M fine
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"German prosecutors say they will drop an investigation of Russian oligarch Alisher Usmanov, a close ally of President Vladimir Putin, over possible breaches of sanctions and money laundering rules after he agreed to pay a 10 million euro (about $11.8 million) fine. The Uzbekistan-born Russian billionaire and metals magnate, who was reelected as the president of the International Fencing Federation last year, has been facing European Union sanctions imposed after Russia's full-scale invasion of Ukraine in 2022."
The Independent highlights coverage of reproductive rights, climate change and Big Tech and produces documentaries like 'The A Word' focusing on American women fighting for reproductive rights. The outlet emphasizes parsing facts from messaging, refuses to use paywalls, and requests donations to fund reporters on the ground so journalism remains freely accessible. German prosecutors will drop an investigation into Russian oligarch Alisher Usmanov after he agreed to pay a €10 million fine. Prosecutors said Usmanov was suspected of transferring about €1.5 million through foreign-based companies for management of two properties near Rottach-Egern after EU sanctions.
Read at www.independent.co.uk
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