German Authorities Drop Money Laundering Case Against Oligarch Usmanov

The investigation into Alisher Usmanov ends with a €4 million settlement, as prosecutors find insufficient evidence to proceed.

The Frankfurt General Prosecutor's Office has ended its money laundering inquiry into Russian-Uzbek billionaire Alisher Usmanov after he agreed to pay €4 million.
Usmanov's legal team maintains his innocence, stating the settlement does not imply guilt, as the investigation failed to substantiate the allegations.
The funds from the settlement are allocated to various charitable organizations and the German state treasury, reflecting Usmanov's philanthropic interests.
Usmanov, who remains on the EU sanctions list, has faced multiple legal challenges related to his alleged support of Russian government policies.
The closure of the case follows previous legal victories for Usmanov, including court rulings against unlawful searches and media claims.