On behalf of U.S. officials, Spanish police on Monday seized a luxury yacht believed to belong to Russian oligarch Viktor Vekselberg, the Department of Justice (DOJ) confirmed. The $90 million vessel, dubbed “Tango,” was impounded by Spain’s Civil Guard and U.S. federal agents who descended upon the yacht stationed in the shipyard of Palma de Mallorca in the Mediterranean. The DOJ said in a statement that U.S. authorities issued a seizure warrant for the 255-foot mega-yacht based on alleged violations of U.S. bank fraud, money laundering, and sanctions statutes committed by Vekselberg. According to court documents, Vekselberg bought the Tango in 2011 and used shell companies to hide his interest in the Tango in order to avoid bank oversight into U.S. dollar transactions, thereby tricking American banks into processing them. A number of documents and data storage devices were seized on board, Spain’s Civil Guard said in a statement, adding it …
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