Future Of British Business
UK Drops Part of Probe Into Sanctioned Russian Billionaire Fridman
- NCA’s investigation to now focus on money laundering only
- Strands centering on conspiracy to defraud and perjury dropped
Mikhail Fridman
Photographer: Angel Navarrete/BloombergThis article is for subscribers only.
The UK’s National Crime Agency has dropped part of its investigation into sanctioned Russian billionaire Mikhail Fridman after dramatically raiding his London home and arresting him late last year.
The NCA is no longer probing Fridman on suspicion of conspiracy to defraud the UK Home Office and conspiracy to commit perjury, people familiar with the decision said. A money laundering investigation is still ongoing and the legal basis for the raid’s search warrant is also being contested, the people said who asked not be identified because the matter is private.