Roman Abramovich has had more than £5.4bn of his assets frozen in Jersey and 12 luxury properties – including a near-£100m villa on the Riviera that was once the holiday home of King Edward VIII – seized by the French government.
The Royal Court of Jersey announced on Wednesday that it had imposed a formal freezing order on “assets understood to be valued in excess of US$7bn, which are suspected to be connected to Mr Abramovich and which are either located in Jersey or owned by Jersey incorporated entities”.
