Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

FBI raids Washington, New York homes linked to Russian oligarch Oleg Deripaska

Published 19/10/2021, 18:35
Updated 19/10/2021, 23:46
© Reuters. An FBI agent mans his post as the U.S. law enforcement agency conducted a raid at Russian oligarch Oleg Deripaska's home in Washington, U.S., October 19, 2021. REUTERS/Kevin Fogarty

By Sarah N. Lynch and Mark Hosenball

WASHINGTON (Reuters) -FBI agents on Tuesday raided homes in Washington and New York City linked to Oleg Deripaska, a Russian billionaire with ties to the Kremlin and to Paul Manafort, the onetime chairman of Donald Trump's 2016 U.S. presidential campaign.

The agents carried boxes out of a mansion in one of Washington's wealthiest neighborhoods, with yellow "CRIME SCENE DO NOT ENTER" tape across the front yard and towed away a vehicle.

A spokesperson for the U.S. Federal Bureau of Investigation confirmed the agency was conducting a court-authorized law enforcement activity at the home, which the Washington Post has previously reported was linked to the Russian oligarch.

The specific reason for sealing off and searching the Washington mansion was not immediately clear, and the FBI spokesperson did not provide details.

A representative for Deripaska said the home, as well as the one in New York, belong to relatives of the oligarch. Reuters could not immediately determine Deripaska's whereabouts.

A spokesperson for the FBI's New York field office confirmed "law enforcement activity" at the home in New York City's Greenwich Village neighborhood but declined further comment.

Deripaska, 53, has been under U.S. sanctions since 2018. Washington imposed sanctions on him and other influential Russians because of their ties to Russian President Vladimir Putin after alleged Russian interference in the 2016 election.

Deripaska once employed Manafort, who was convicted in 2018 on tax evasion and bank fraud charges and was among the central figures scrutinized under investigations of alleged Russian meddling in the 2016 election, which Moscow denies.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Russia used Manafort and the WikiLeaks website to try to help Trump win that election, a Republican-led Senate committee said in its final review of the matter released last year. While still president last December, Trump pardoned Manafort.

The Senate report found Putin personally directed the Russian efforts to hack computer networks and accounts affiliated with the Democratic Party and leak information damaging to Trump's opponent, Hillary Clinton.

The report also alleged Manafort collaborated with Russians, including Deripaska and a Russian intelligence officer before, during and after the election.

Deripaska owns part of Rusal via his stake in the giant aluminum producer's parent company En+ Group. Washington previously dropped sanctions against both companies but kept them on Deripaska.

Rusal's Moscow-listed shares extended losses after the report of the raid on the Washington home, falling 6%.

The representative for Deripaska, who declined to give their name because of company policy, confirmed the raid on both homes and said they belong to Deripaska's family rather than the executive himself.

The representative said the searches were carried out on the basis of two court warrants related to the U.S. sanctions but provided no further details.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.