Cyprus Police Open Investigation Into Financial Affairs of Roman Abramovich
Police said the probe will run about six months as regulators review alleged backdated paperwork and €25 million in unpaid VAT claims.
- On Wednesday, police launched an investigation into Roman Abramovich's asset management through Cypriot companies, with a spokesman telling the House committee the inquiry will take about six months.
- This investigation follows an October 12 report by BBC Panorama and the OCCRP alleging that Deloitte Cyprus signed off on backdated paperwork for Abramovich companies.
- Two former directors of Blue Ocean Yacht Management Ltd face trial at Limassol on November 26 over €25 million in unpaid VAT; the company managed Abramovich's superyachts worth about €1.2 billion.
- Former independent MP Alexandra Attalides criticized supervisory oversight during the House committee hearing, stating it was "unbelievable that the supervisory bodies were so incompetent."
- Committee chairman Demetris Demetriou emphasized forward-looking oversight, stating "we are not here merely to say that these things happened years ago," as authorities noted audit quality has improved since 2017.
27 Articles
27 Articles
Cyprus police open investigation into financial affairs of Roman Abramovich
CYPRIOT police have opened an investigation into the financial affairs of Roman Abramovich, whose wealth is already the subject of a criminal investigation in Jersey. The inquiry follows reporting by BBC Panorama and the Bureau of Investigative Journalism alleging that Deloitte Cyprus helped falsify documents to conceal the billionaire’s wealth and evade tax. More than […]
Cyprus police investigate Russian billionaire Roman Abramovich for possible tax evasion after reports implicate accounting giant Deloitte
Police in Cyprus have launched an investigation into reports that Russian billionaire Roman Abramovich may have evaded taxes with help from the accounting firm Deloitte. A Cypriot Justice Ministry official told a parliamentary committee meeting on combating money laundering that the investigation was underway, the BBC reported.
The Cyprus police opened an investigation into the finances of the Russian billionaire Roman Abramovich after a report from the BBC and the Bureau of Investigative Journalism (TBIJ) pointing out possible irregularities in accounting documents used to hide property and avoid the payment of taxes. The investigation seeks to determine whether there was a crime and should last several months.
The Cyprus police opened an investigation into the financial and tax cases of the Russian oligarch Roman Abramović, which led to journalistic material on possible concealment of assets and tax evasion.
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