The Swiss Attorney General's Office (OAG) has initiated an investigation into four individuals connected to Russian oligarch Suleyman Kerimov. As a result, the State Secretariat for Economic Affairs has temporarily frozen 1.3 billion francs ($1.5 billion).
This information comes from Blick.
The investigation began in November following a request from the State Secretariat for Economic Affairs (SECO) to the Human Rights Commissioner.
The operational group working on the investigation has conducted eight searches at residences in the cantons of Lucerne, Zug, and Nidwalden. The Federal Office of Police and cantonal police forces were involved in the operation.
According to SECO, as of August 13, Switzerland has frozen Russian assets totaling 7.1 billion Swiss francs ($8.2 billion). This amount includes real estate, luxury cars, and artworks owned by individuals and companies subject to sanctions.
The investigation concerns suspicions of violations of the Embargo Act related to the situation in Ukraine and suspicions of money laundering.
No arrests have been made at this time, and the presumption of innocence applies.
