Europe

Minister of Transport orders investigation of seized Abramovich aircraft registered through Cyprus

Transport Minister Yiannis Karousos has instructed to begin an investigation into two recently detained aircraft owned by Russian oligarch Roman Abramovic, as the purchase transaction is related to Cyprus.

This is fillet news reported on Friday, and Carusos also aims to determine if there is any illegal activity behind the registration of aircraft seized in the United States in excess of $ 410 million. Said that.

Both Gulfstream and Boeing 787-8 Dreamliner planes have been registered through a series of shell companies in Cyprus, Jersey and the British Virgin Islands. And the owner’s name is not recorded anywhere.

The related shell companies registered in Cyprus are Finservus (Trustees) Limited and the International Trust (Trust) “The Europa Settlement Trust”.

Three more shell companies registered on Jersey and the British Virgin Islands were also behind the purchase transaction, according to an affidavit of FBI agents supporting the seizure warrant.

Earlier this week, a U.S. judge approved the seizure of two private planes for violating U.S. export and sanctions laws.

American-made planes entered and exited Russia without a license from the US Department of Commerce.

Airplanes and aircraft parts are subject to export regulations due to their potential military use and impact on national security.

https://in-cyprus.philenews.com/transport-minister-orders-inquiry-into-seized-abramovic-aircraft-registered-through-cyprus/ Minister of Transport orders investigation of seized Abramovich aircraft registered through Cyprus

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