German officials have searched branches of the Swiss bank UBS in Frankfurt and Munich as part of an investigation into Russian oligarch Alisher Usmanov, who is suspected of money laundering and other crimes. A spokesman for the Frankfurt prosecutor’s office said on November 8 that the searches were at banks with accounts connected to Usmanov. UBS confirmed that its two branches were the subject of the searches and said it was cooperating with authorities. A spokesperson for Usmanov rejected the allegations, describing them as unfounded, false, and defamatory. To read the original story on RFE/RL’s Russian Service, click here.
German Officials Search UBS Branches Linked To Russian Oligarch Usmanov
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