Portugal blocks mansion sale over 'strong conviction' it belongs to Abramovich

World Materials 15 May 2022 07:39 (UTC +04:00)
Portugal blocks mansion sale over 'strong conviction' it belongs to Abramovich

Portugal blocked the sale of a 10 million euro ($10.4 million) luxury house over a "strong conviction" it belonged to sanctions-hit Russian billionaire Roman Abramovich, Foreign Minister Joao Cravinho said on Saturday, Trend reports citing Reuters.

The property registry of the mansion in the luxury Quinta do Lago resort in the Algarve was frozen - meaning it cannot be sold, rented or mortgaged - on March 25 at the request of the foreign ministry.

"We have a strong conviction, which hasn't been fully confirmed, the house belongs to Roman Abramovich," Cravinho said on the sidelines of a NATO meeting in Berlin. "The challenge here is that many of those sanctioned do not have their properties and assets in their names."

According to Publico newspaper, which initially reported the story, the former Chelsea soccer club owner tried to sell the property the Delaware-based Millhouse Views LLC, owned by Millhouse LLC, which manages his assets.

However, a spokesperson for Abramovich told Reuters he did not own "any property in Portugal" and "Millhouse Views LLC is not connected" to him.

"In fact we have never heard of this company," the spokesperson added.

Portugal's largest bank, Caixa Geral de Depositos, noticed the move to sell the property and alerted authorities, Publico said. The bank declined to comment.

According to Publico, the property is in plot 17 of Quinta do Lago's San Lorenzo North area. A Reuters witness said there was a signboard outside the gated mansion saying it had been sold.

Abramovich has been sanctioned by the British government and the European Union over his links to Russian President Vladimir Putin. He has denied having such ties.