15.11.2019, 14:26
Deripaska First Revealed "Frozen" Assets in US
Source: OREANDA-NEWS
OREANDA-NEWS. Representatives of billionaire Oleg Deripaska in an American court, where they seek his exclusion from the sanctions list, first named the businessman’s assets that were blocked in the United States as a result of sanctions imposed in 2018.
For example, a controlling interest in Basic Element Inc. (Delaware), writes Deripaska's lawyer Eric Ferrari of Ferrari & Associates. This company worked as the representative office of the Basic Element group in America, the lawyer points out. "Basic Element Inc. held bank accounts and owned leasehold rights when sanctions were imposed against Deripaska. In particular, these are accounts at Wells Fargo Bank”, the document says, filed by Deripaska in court on November 5.
Ferrari also names RUSAL America Corp., an American company that sells aluminum in the United States. RUSAL America has offices in a New York building owned by Basic Element Inc. In 2018, the NY Post also reported, citing sources in the U.S. administration, that Deripaska has frozen real estate assets - mansions in New York and Washington.
For example, a controlling interest in Basic Element Inc. (Delaware), writes Deripaska's lawyer Eric Ferrari of Ferrari & Associates. This company worked as the representative office of the Basic Element group in America, the lawyer points out. "Basic Element Inc. held bank accounts and owned leasehold rights when sanctions were imposed against Deripaska. In particular, these are accounts at Wells Fargo Bank”, the document says, filed by Deripaska in court on November 5.
Ferrari also names RUSAL America Corp., an American company that sells aluminum in the United States. RUSAL America has offices in a New York building owned by Basic Element Inc. In 2018, the NY Post also reported, citing sources in the U.S. administration, that Deripaska has frozen real estate assets - mansions in New York and Washington.
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