It is being reported that the UK’s National Crime Agency has completed the confiscation of funds related to Petr Aven.
The sum of £750,000 was confiscated from bank accounts held in the name of Petr Aven’s wife and others.
A sum of cash initially recovered by the NCA from a residence outside London was also confiscated.
The funds were confiscated under the Proceeds of Crime Act 2002.
Updated on 1 August to reflect issuance of NCA’s press release:
The NCA has stated that the funds, totalling £783,827.34 were held for the benefit of Petr Aven although not in his name, and that the breaches of sanctions giving rise to the funds being the proceeds of crime were: “Attempts to relocate the funds, as well as transactions made after March 15 2022 by Aven’s estate manager, Stephen Gater … . These included the payment of salaries to over 20 members of Aven’s household staff, and the sale of a Bentley Bentayga worth £160,000“.