UK – National Crime Agency applies for confiscation order for £1.1m

The UK’s National Crime Agency has applied to confiscate £1.1m in frozen funds owned or controlled by Petr Aven on the basis that the funds in question are the proceeds of crime for being the proceeds of suspected breaches of the UK’s Russian sanctions.

It is being reported that the funds were first frozen by a court order in May 2022. The money is said to have been used in transactions by Ekaterina Kozina, Petr Aven’s wife, and Stephen Gater, Aven’s “representative”.

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