The mega yacht Tango has been seized by American and Spanish authorities. The yacht is owned by Russian oligarch Viktor Vekselberg, a close associate of Vladimir Putin. The $90 million yacht was undergoing repairs in the Spanish port Palma de Mallorca.
Video of the seizure was provided by the U.S. Department of Justice:
CBS News writes:
The warrant and subsequent raid targeted Russian oligarch Viktor Vekselberg, who was sanctioned by the U.S. government in 2018 and again last month following Russia’s deadly invasion of Ukraine. The financial penalties blocked the billionaire from participating in the U.S. economy and prevented him from utilizing American banks to conduct business transactions.
According to the Justice Department’s warrant, dating as far back as 2011, Vekselberg and other unnamed conspirators attempted to avoid detection in the U.S. by paying for the yacht through shell companies and other money laundering techniques.
The yacht is subject to forfeiture based on violation of bank fraud, money laundering, and sanction statutes.