Fiji's High Court ruled that a massive Russian-owned yacht can be seized by U.S. authorities.
The super luxury yacht Amadea, one of the largest yachts in the world, is seen anchored in Turkey on February 18, 2020.But an attorney who represents Millemarin Investments, the company the $325 million ship is registered to, said it's not owned by Kerimov. Instead, he argued in court that corporate paperwork traces the ship's ownership to Eduard Khudainatov, a former executive at Russia's state-owned Rosneft oil company who has not been sanctioned.
The Amadea berthed in Fiji on April 13, according to local reports and the maritime analytics website Marine Traffic. Soon after, a federal judge approved a warrant for the ship to be seized and on April 19, Fiji's top prosecutor moved to prevent the ship from leaving.The Department of Justice could not immediately be reached for comment.
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