Ex-Arsenal shareholder Alisher Usmanov's £82m London home and Surrey mansion were put into trusts linked to the oligarch.
Tracing the ownership of the two houses targeted by the UK government is extremely difficult. They have been held through a complex web of trusts and companies registered in places like the British Virgin Islands, which have until recently not required the ultimate owner to be disclosed. This illustrates the difficulty investigators will have in working out which assets should be subject to sanctions.
Until 2014 it owned the shares of the corporate trustees of the Sutton Place Property Unit Trust, which owns the Surrey Mansion, drawing a direct link between Mr Moshiri and the house. Mr Usmanov was also the beneficiary of the Pauillac Trust, the owner of Hanley Limited, the Isle of Man company that owns Beechwood, the other property targeted by the government.
Mr Usmanov declined to respond to questions about his relationship with the two trusts, or whether he had ceased to have a beneficial interest in them. While the evidence confirms he was once involved, exactly who stands behind the two trusts now, and therefore owns the properties, is a mystery.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evraz says bond payment blocked over Abramovich sanctions\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Read more »
Can you solve it? How to turn your kid into a maths wizDitch the screen, grab some paper
Read more »
Mohamed Hadid's $50M mega-mansion is finally reduced to rubbleDemolition has finally begun on Mohamed Hadid's notorious Bel Air mega-mansion after years of legal disputes and feuds with neighbors.
Read more »
Kylie Jenner and Travis Scott ditch baby Wolf's name as it didn't 'feel' rightKeeping Up With The Kardashian's star Kylie Jenner and rapper Travis Scott are yet to announce their baby son's new name - but some fans think they might have guessed
Read more »