MOSCOW, June 17 (Reuters) - Russian-Uzbek billionaire

Alisher Usmanov has filed a lawsuit against the bank UBS Europe

SE in Frankfurt over what his lawyers said were unsubstantiated

reports made about his transactions that triggered an

investigation of him.

"We have filed a lawsuit against UBS Europe SE Frankfurt on

behalf of Mr Usmanov personally for the court to establish the

fundamental facts and the bank's liability for damages," Peter

Gauweiler, a lawyer representing Usmanov, said in a statement.

"The Frankfurt am Main General Prosecutor's Office and the

Council of the EU have issued numerous erroneous decisions for

which UBS is partly responsible, in particular, due to the use

of its suspicious transaction reports as an instrument for the

purposes of criminal prosecution and EU sanctions policy."