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alisher usmanov sues ubs for banking secrecy violation and false allegations

Alisher Usmanov, a Russian oligarch under multiple sanctions, is suing UBS in Germany for violating banking secrecy and making false allegations regarding his assets. He claims the bank improperly reported suspicious transactions, leading to unwarranted investigations and media scrutiny. Usmanov seeks at least 2 million euros in damages, asserting that UBS's actions have unjustly tarnished his reputation.
06:30 02.12.2024

Russian tycoon Alisher Usmanov returns as president of fencing federation

Alisher Usmanov, the sanctioned Russian billionaire, has been re-elected as president of the International Fencing Federation, a position he left in March 2022 due to sanctions following Russia's invasion of Ukraine. In a recent vote in Tashkent, Usmanov secured 120 votes against 26 for his opponent, Jan Sten Otto Drakenberg. Despite his return, Usmanov faces restrictions that prevent him from working at the FIE's Swiss headquarters or attending many international events, including the 2028 Summer Olympics.
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