Russian oligarchs losing yachts, villas in Italy

Gennady Timchenko’s €50m yacht, Lena

Italian cops have seized villas and yachts worth at least €140m from four high profile Russians. Yachts belonging to Russia’s richest man, Alexei Mordashov, and Gennady Timchenko were impounded. A villa owned by billionaire Alisher Usmanov on Sardinia, and a villa on Lake Como owned by Vladimir Soloviev have been seized. Mordashov's 65 metre yacht the “Lady M”