German police raid yacht linked to Russian oligarch
More than 60 police officers raided a luxury yacht in northern Germany linked to a Russian businessman in connection with alleged breaches of sanctions and money laundering rules, officials said Tuesday.
The statement by Frankfurt prosecutors identified the suspect only as a 69-year-old Russian businessman. But German weekly Der Spiegel identified him as oligarch Alisher Usmanov, a close ally of President Vladimir Putin.
Frankfurt prosecutors said the suspect of their investigation is alleged to have conducted several transactions between 2017 and 2022 using a complex network of offshore companies to hide the origin of the payments, which amounted to millions of euros.
Usmanov is subject to sanctions in the United States and the European Union.
The raid comes the week after state and federal police searched 24 properties connected to Usmanov in the German states of Bavaria, Baden-Wuerttemberg, Hamburg and Schleswig-Holstein.
A spokesman with the Frankfurt prosecutor's office confirmed that Tuesday's yacht raid was part of the same investigation.
Wouldn't it be nice to never have to work again? While this may sound like a dream to many, it is entirely possible. CTVNews.ca personal finance contributor Christopher Liew shares a handful of helpful tips on how to potentially achieve financial independence.
Recent homebuyers with variable-rate mortgages will find the adjustment to higher interest rates more painful, said Bank of Canada senior deputy governor Carolyn Rogers.
Buying your first car can be as exciting as it is daunting. Whether you’re buying a car off the lot from a dealership or purchasing a car in a private sale, contributor Christopher Liew shares in an exclusive column for CTVNews.ca a few basic tips that you should always keep in mind.
In March 2022 alone, food banks across Canada had 1.5 million visits, a 15 per cent increase from the year prior and the highest recorded usage on record.
Many Canadians have one or two old credit cards that they no longer use. Before you jump to close your old, unused credit card, CTVNews.ca contributor Christopher Liew outlines some of the pros and cons of closing a credit card account, so you can make the most informed decision.
Canadians are buying less expensive food, stockpiling food and even eating less to cope with food prices as inflation soars, according to a new survey.
Most Canadian seniors would prefer to stay in their homes for as long as possible, what is referred to as aging in place, rather than in an assisted living facility, according to recent studies that have come out this year. Personal finance contributor Christopher Liew shares some practical tips on how to age in place, so you can continue living life on your terms.
With the holidays approaching, financial expert Robyn Thompson advises that now is the time to use old gift cards as rising inflation affects their purchasing power.