The proprietor of the “offshore concealing” was discovered to be Usmanov’s sister, according to police. Last month, the Dilbar was rumored to have been confiscated, but officials denied it at the time.
The world’s largest megayacht has been confiscated by Germany’s Federal Police after it was discovered to be owned by the sister of Russian oligarch Alisher Usmanov.
Following an inquiry into “offshore hiding,” the police stated they were able to identify the true owner, and that the yacht will remain at a shipyard in Hamburg.
Gulbakhor Ismailova, Alisher Usmanov’s sister, is listed on EU sanctions lists, and it is claimed that he indirectly transferred assets to her, including the Dilbar boat.
When the 512-foot yacht was discovered in March at the Blohm+Voss shipyards, where it had been receiving a renovation since October, it was considered to be under German government supervision. Those reports were swiftly debunked by officials.
After wages could not be paid due to sanctions, the yacht’s crew was sacked shortly after.
Dilbar is worth between $600 million and $735 million, according to the US Treasury, and costs $60 million per year to maintain with two helipads and the largest indoor pool ever fitted on a yacht.
Usmanov’s holdings in metals, mining, and telecommunications are estimated to be worth $18.4 billion by the UK government.
He was dubbed one of “Putin’s favorite oligarchs” by the EU.