The French justice system has obtained the first criminal seizure of € 23M luxurious mansion in Saint-Jean-Cap-Ferrat in southeastern France suspected of belonging to Russian oligarch Mr. Viktor Rashnikov in October 2022 at the request of the magistrates of the National Jurisdiction in Charge of the Fight Against Organized Crime of the Paris prosecutor's office, reports LemondeThree properties officially linked to Mr. Rashnikov had already been administratively frozen on the French Riviera and in Paris since he was placed under sanctions on 15 March 2022. However, this villa in Saint-Jean-Cap Ferrat had passed under the radar, since it was not declared to the tax authorities as being his property and belonged to a Swiss company, itself owned by a Panamanian structure.France's financial intelligence unit TRACFIN was notified of the sale of the villa, which occurred shortly after the Russian invasion of Ukraine. The service attached to the French ministry of finance realized that, behind the complex financial arrangements, the villa belonged to a Russian citizen suspected of being Mr. Rashnikov's front man and that the new owner was also Russian. TRACFIN immediately blocked the money from the sale at the notary's office € 17M after the deduction for duties and taxes before taking the matter to court.The villa and the proceeds of the sale are now in the hands of the Ministry of Justice's Agency for the Management and Recovery of Seized and Confiscated Assets. In case of conviction by a court, they could be permanently confiscated by the government.Born in 1948, Mr. Viktor Filippovich Rashnikov is the majority owner of Magnitogorsk Iron & Steel Works. In 1974, Mr. Rashnikov earned a bachelor's degree in metal forming process at the Magnitogorsk Institute of Mining & Metallurgy. Mr Rashnikov first began his career with the Magnitogorsk Iron & Steel Works in the company's repair shop as a fitter in 1967. Since then, up through 1991, Mr. Rashnikov advanced through a number of management positions at MMK, including that of Head of Production and Products Supply. In 1991, he was made Chief Engineer and First Deputy General Director for the firm. In 1997, Viktor Rashnikov succeeded in rising to the role of General Director at MMK, before finally becoming in 2005 its chairman of the board. He was sanctioned by the EU and UK in March 2022. Mr. Rashnikov’s Real Time Net Worth is $ 9.7B, estimates Forbes magazine
The French justice system has obtained the first criminal seizure of € 23M luxurious mansion in Saint-Jean-Cap-Ferrat in southeastern France suspected of belonging to Russian oligarch Mr. Viktor Rashnikov in October 2022 at the request of the magistrates of the National Jurisdiction in Charge of the Fight Against Organized Crime of the Paris prosecutor's office, reports LemondeThree properties officially linked to Mr. Rashnikov had already been administratively frozen on the French Riviera and in Paris since he was placed under sanctions on 15 March 2022. However, this villa in Saint-Jean-Cap Ferrat had passed under the radar, since it was not declared to the tax authorities as being his property and belonged to a Swiss company, itself owned by a Panamanian structure.France's financial intelligence unit TRACFIN was notified of the sale of the villa, which occurred shortly after the Russian invasion of Ukraine. The service attached to the French ministry of finance realized that, behind the complex financial arrangements, the villa belonged to a Russian citizen suspected of being Mr. Rashnikov's front man and that the new owner was also Russian. TRACFIN immediately blocked the money from the sale at the notary's office € 17M after the deduction for duties and taxes before taking the matter to court.The villa and the proceeds of the sale are now in the hands of the Ministry of Justice's Agency for the Management and Recovery of Seized and Confiscated Assets. In case of conviction by a court, they could be permanently confiscated by the government.Born in 1948, Mr. Viktor Filippovich Rashnikov is the majority owner of Magnitogorsk Iron & Steel Works. In 1974, Mr. Rashnikov earned a bachelor's degree in metal forming process at the Magnitogorsk Institute of Mining & Metallurgy. Mr Rashnikov first began his career with the Magnitogorsk Iron & Steel Works in the company's repair shop as a fitter in 1967. Since then, up through 1991, Mr. Rashnikov advanced through a number of management positions at MMK, including that of Head of Production and Products Supply. In 1991, he was made Chief Engineer and First Deputy General Director for the firm. In 1997, Viktor Rashnikov succeeded in rising to the role of General Director at MMK, before finally becoming in 2005 its chairman of the board. He was sanctioned by the EU and UK in March 2022. Mr. Rashnikov’s Real Time Net Worth is $ 9.7B, estimates Forbes magazine
