Beneficial ownership: Man who claimed to be dead is arrested, luxury assets seized
24 Oct 2018

A suspected money launderer who escaped the authorities with fake death certificates has been arrested.

The man had aroused suspicion when he was registered as the beneficial or real owner regarding the purchase of a castle in France,

The authorities also seized his assets when they arrested him, which included the castle, a vintage Rolls Royce and Salvador Dali art work.

The suspect is thought to be behind a complex case of international fraud and money laundering.

Earlier in January, French police initiated an investigation on alleged suspicious transactions surrounding the purchase of a castle which was bought for EUR 3 million by a Luxembourgish company whose ultimate beneficial owner was a Ukrainian citizen suspected of corruption at a large scale in his country.

Cooperation with the Ukrainian and Luxembourgish authorities revealed that the main suspect was wanted in his country for corruption.

He had however managed to evade justice by producing forged death certificates. 

“During an operational meeting held at Europol between France, Luxembzourg and Ukraine, it was established that the suspect was not only alive, but was enjoying a lavish lifestyle in France,” Europol said.

“The scope of the French investigation subsequently changed drastically: the case went from a case of domestic fraud to one of international money laundering of the proceeds of corruption. As a result, an action day was planned near Dijon to arrest the suspect, together with his 3 accomplices.”

Image: This is a file photo and does not represent assets mentioned in the article.

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