2 businessmen accused of hiding sanctioned Russian oligarch’s ties to hunting

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WASHINGTON (TBEN) — Two businessmen have been charged with trying to conceal that a sanctioned Russian oligarch owns a luxury yacht seized in Spain last year by the U.S. government, the Justice Department said Friday.

Another defendant, Richard Masters, was arrested by Spain at the request of US authorities. He is a British businessman who ran a yacht management company in Palma de Mallorca, Spain, where Vekselberg’s yacht, the Tango, was seized last April.

Two businessmen have been accused of trying to hide that a sanctioned Russian oligarch owns a luxury yacht seized in Spain by the US government last year.

He was sanctioned in 2018.

All of Vekselberg’s assets in the United States have been frozen and U.S. companies are prohibited from doing business with him and his entities.

They are being charged in federal court in the District of Columbia with charges including money laundering and violating the International Emergency Economic Powers Act.

It was not immediately clear whether they had lawyers who could speak on their behalf.

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