Germany – three individuals in custody for exporting nearly 100 cars to Russia in breach of sanctions

It is being reported that the Mannheim Public Prosecutor’s Office has three people in custody on suspicion of exporting luxury cars to Russia in breach of EU sanctions.

A car manufacturer made a suspicious activity report regarding the exporter, which led to the investigation.

The three individuals are a married couple who run two car dealerships and a third person who was an employee.

It is alleged that they exported nearly 100 cars to Russia via third countries with a total value of nearly €15 million.

As part of the raids, the prosecutors also secured the freezing of €1.3 million.

© 2009- Duane Morris LLP. Duane Morris is a registered service mark of Duane Morris LLP.

The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

Proudly powered by WordPress