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Frankfurt prosecutors dropped money laundering case against Russian-Uzbek billionaire Alisher Usmanov

After more than two years of investigation, authorities found no evidence of the charges, Usmanov's lawyers said.

Nov 4, 2024 15:48 176

Frankfurt prosecutors dropped money laundering case against Russian-Uzbek billionaire Alisher Usmanov  - 1

The prosecutor's office in Frankfurt closed the money laundering investigation against the Russian-Uzbek billionaire Alisher Usmanov, his lawyers from the leading law firm "Wannemacher und Partner" announced today. (Wannemacher & Partner), quoted by Reuters, quoted by BTA.

"We have always maintained that our client is innocent," they said, calling the decision an important step toward protecting Usmanov's reputation.

According to the "Bloomberg Billionaires Index," Usmanov has a fortune of about $14.4 billion, amassed from activities in the fields of mining, industry, telecommunications and media.

His lawyers said that after more than two and a half years, the investigation had failed to prove the main charges against him, including money laundering.