Russia's richest man's property worth $116 million seized by Italy

Italian authorities have seized a building complex owned by Russian businessman Alexei Mordashov, Prime Minister Mario Draghi's office announced. The property is located on the Mediterranean island of Sardinia and is worth around $116 million. Earlier this month, a 215-foot yacht worth more than $71 million, called the "Lady M", belonging to Russia's richest man Mordashov was impounded in Italy.