FBI agents on Tuesday raided the Washington home of Russian oligarch Oleg Deripaska, NBC News reports.
The investigation is being led by federal investigators in New York, sources told NBC.
A spokeswoman for Deripaska, a billionaire oil magnate who is under U.S. sanctions, also said the FBI searched a home in New York but claimed both properties are owned by his relatives.
“The searches are being carried out on the basis of two court orders, connected to U.S. sanctions," the spokeswoman said. "The houses do not belong to Mr Deripaska."
The home is next door to Kellyanne Conway and her husband George Conway in a ritzy neighborhood in D.C.
Deripaska, a longtime associate of former Trump campaign chief Paul Manafort, was among dozens of Russian officials sanctioned in 2018.
Deripaska taunts feds:
Deripaska on Wednesday went on a rant about the “stupidity” of the United States after the raid.
"Watching everything that is happening in America, I cannot help but marvel at the utter stupidity of part of the American establishment who persist in spinning this story about the allegedly colossal role of the Russians in the 2016 U.S. presidential election," he said.
"It is convenient to feed one's electorate (brought up on Hollywood movies about horrible Russians) with all sorts of crap for another 10 years," he continued.
He claimed that no one was living in the properties.
"I have to ask: how much of Putin's money was found in those abandoned houses yesterday?” he said.
The Treasury Department imposed sanctions on Deripaska three years earlier.
The department said that Deripaska is accused of acting “on behalf of, directly or indirectly, a senior official of the Government of the Russian Federation.”
He was also hit with sanctions over his role in Russia’s energy market.
“Deripaska has said that he does not separate himself from the Russian state,” the department said. “He has also acknowledged possessing a Russian diplomatic passport, and claims to have represented the Russian government in other countries. Deripaska has been investigated for money laundering, and has been accused of threatening the lives of business rivals, illegally wiretapping a government official, and taking part in extortion and racketeering. There are also allegations that Deripaska bribed a government official, ordered the murder of a businessman, and had links to a Russian organized crime group.”