Roman Abramovich Aides Falsified Paperwork to Disguise Assets and Dodge Tax, Records Suggest
Leaked documents show Deloitte Cyprus reviewed backdated records that removed $672 million in assets and left only $75,000 in one company account.
- A joint investigation by BBC Panorama and the Bureau of Investigative Journalism revealed that aides of Roman Abramovich and Deloitte Cyprus falsified financial records to hide assets and evade taxes.
- Facing a 2006 Cyprus transparency law that threatened to expose his wealth, Abramovich's associates devised a scheme to backdate documents and transfer assets to the British Virgin Islands.
- The falsified accounts hid $672m in luxury assets including superyachts and mansions, while Kravin Investments used backdated paperwork to obscure a separate $2bn fortune held in Cyprus.
- Barrister Andrew Mitchell KC called the scheme "straightforward" tax evasion, while Lord Sikka, a University of Sheffield accounting professor, labeled it a "violation of a statutory duty."
- Abramovich, currently living in Turkey, faces a four-year criminal investigation in Jersey where £5.4bn of his assets remain frozen; his lawyers deny the allegations, claiming the investigation is "undertaken for political purposes.
12 Articles
12 Articles
The world's largest accounting firm, Deloitte, may have been involved in forging documents that helped Russian oligarch Roman Abramovich hide his wealth and avoid paying millions of dollars in taxes, according to a joint investigation by BBC Panorama and the Bureau of Investigative Journalism. According to the leaked documents, Deloitte's Cyprus branch approved financial reports from which $672 million in luxury properties, private jets and yach…
Roman Abramovich’s associates forged documents detailing his vast offshore business empire in order to hide assets of the Russian oligarch in order to avoid taxes. Documents reveal a long-term and carefully orchestrated strategy of placing fictitious dates in files, while his closest associate seems to have played a key role in all this […] The article The documents that “burn” Roman Abramovich – How billions of dollars and real estate “disappea…
A BBC investigation found that the largest accounting firm in the world would have helped falsify documents to hide the fortune of the Russian billionaire, Roman Abramovich, and to avoid paying taxes. The investigation carried out by "Panorama has discovered hundreds of previous documents. "Panorama has investigated a data leak that shows [...]
Close to the Russian billionaire Roman Abramovici, including employees of the Deloitte accounting company, would have falsified documents to hide assets and avoid paying taxes, according to an investigation...
Documents leaked and examined as part of the international investigative journalism “Cyprus Confidential” report that Deloitte Cyprus collaborated with companies linked to Roman Abramovich to retroactively transfer assets from Cyprus to the British Virgin Islands, in an effort to avoid tax and transparency obligations. According to the OCCRP investigation […] Abramovich Investigation: Reports of Billions in Assets Transferred Through Companies i…
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