It is being reported that the Office of the Attorney General in Switzerland has opened criminal and administrative proceedings as part of investigations into suspected breaches of the asset freeze imposed on Suleyman Kerimov under Swiss sanctions.
It is being reported that SECO has confirmed that the criminal proceedings were commenced in November 2023 and that four individuals are under suspicion, as well as that eight premises have been raided so far.
Assets worth SWF 1.3 billion have also been made subject to a “super-provisional” asset freeze.