Cyprus police investigate financial and tax affairs of ex-Chelsea owner Roman Abramovich
Summary
Cyprus police have started an investigation into the financial and tax matters of Roman Abramovich, former Chelsea FC owner, focusing on the years 2003 to 2006. This follows a joint media report that found possible falsification of documents related to Abramovich’s offshore businesses to avoid taxes and hide assets.Key Facts
- Cyprus police are investigating Roman Abramovich’s financial and tax records from 2003 to 2006.
- The investigation began after a report by the Guardian, BBC, and the Bureau of Investigative Journalism.
- The report claims that staff, including at Deloitte Cyprus, may have falsified paperwork for Abramovich’s offshore companies.
- Key documents were allegedly backdated to help avoid taxes and hide billions in assets.
- Police expect the investigation to take about six months but say delays make it harder.
- Abramovich denies any wrongdoing and says he trusted professional advice.
- Deloitte Cyprus says it follows all laws and cannot access old materials due to the time passed.
- The investigation is based on the Cyprus Confidential leak of over 500,000 documents analyzed by several media organizations.
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