Sanctioned oligarch accuses US of stealing assets, vows to fight in Russia court

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Money confiscated from Konstantin Malofeyev may be used to help rebuild Ukraine. Read more at straitstimes.com.

MOSCOW - Konstantin Malofeyev, a Russian businessman who is under US sanctions, on Thursday accused the United States of trying to steal US$5.4 million of his assets, saying he would file a lawsuit in Russia, where his rights are protected.a judge in New York ruled last week, paving the way for the funds to potentially be used to help rebuild Ukraine.

Since Mr Malofeyev did not contest the forfeiture request, prosecutors last week said the funds should be forfeited by default. It was not clear whether a ruling in Mr Malofeyev’s favour in a Russian court would have any impact on the US case.

 

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