Uzbek-born Russian billionaire Alisher Usmanov has launched legal action against UBS, one of the world’s largest banks. In the case in Frankfurt, UBS is accused of triggering a German investigation into Usmanov’s financial activities by submitting reports on Usmanov’s transactions that his lawyers described as “absurd and unfounded”. This case is likely to increase geopolitical … Continue reading Alisher Usmanov’s lawsuit against UBS: A billionaire’s fight against the German investigation