Gibraltar to sell Russian businessman's yacht at auction

Gibraltar to sell Russian businessman's yacht at auction

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 Gibraltar to auction Russian businessman's yacht

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The Gibraltar authorities are auctioning off £65 million luxury superyacht belonging to Russian oligarch Dmitry Pumpyansky.

hammer in favor of the American bank JP Morgan. The bank says businessman Pumpyansky owes more than $20 billion.

A yacht with luxurious guest cabins, a swimming pool, a cinema and a gym was detained in Gibraltar in March.

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