News

Russia-linked superyacht owners to appeal Fiji seizure order

May 4, 2022 04:25 PM


A company registered as the owner of a Russia-linked superyacht has applied to prevent Fiji from seizing it under a US warrant, pending an appeal against the move. 

A High Court judge in Fiji's capital Suva had granted an order on Tuesday for the seizure of the Amadea, which is reportedly owned by a sanctioned Russian oligarch.

The US warrant for its seizure was filed with the High Court last month.

The Amadea, with an estimated value of more than US$300 million, has been berthed at Lautoka in western Fiji since mid-April.

It has been linked in some reports to Russian oligarch Suleiman Kerimov, a target of US and European Union sanctions over Moscow's invasion of Ukraine.

Following Tuesday's High Court ruling, lawyers for the superyacht's registered owners Millemarin Investment applied for an interim stay of execution of the court's orders pending an appeal.

Fiji's director of public prosecutions said in a statement Wednesday that the High Court had given it until Thursday to respond to the company's application, with a court ruling due by Friday.

The 107-metre (350-foot) Amadea is worth $325 million and boasts a pool, jacuzzi, helipad, and "winter garden" on the sun deck, according to the website superyachtfan.com, which tracks the vessels of the rich.

Various yacht-tracking sites list Kerimov as the owner, but this could not be independently confirmed.



Most Read

  1. Foreigners safe after suicide-bomber targets their van in Karachi Foreigners safe after suicide-bomber targets their van in Karachi
  2. Finance minister rules out further rupee devaluation Finance minister rules out further rupee devaluation
  3. Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath
  4. Iran shoots down several drones as Israel ‘launches’ attacks Iran shoots down several drones as Israel ‘launches’ attacks
  5. Woman gives birth to sextuplets in Rawalpindi Woman gives birth to sextuplets in Rawalpindi
  6. Must Watch: Ladybug enters Fiza Ali’s mouth in live show Must Watch: Ladybug enters Fiza Ali’s mouth in live show

Opinion

  1. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  2. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  3. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  4. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  5. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  6. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer