Cyprus police open investigation into financial affairs of Roman Abramovich
Summary
Police in Cyprus have started an investigation into Roman Abramovich’s financial activities after reports that documents were falsified to hide his wealth and avoid taxes. The investigation will look at whether any crimes were committed, including the possible involvement of the accountancy firm Deloitte.Key Facts
- Cyprus police opened an investigation into Roman Abramovich’s financial affairs following a BBC report.
- The report claims Deloitte helped create false documents to conceal Abramovich’s assets and avoid tax.
- Deloitte Cyprus says it follows the law and cannot comment on old documents.
- The investigation is led by Cyprus’s Financial Intelligence Unit and will last several months.
- The reports are based on leaked files showing how Abramovich’s expensive assets vanished from company accounts.
- Abramovich’s lawyers deny he hid money or avoided tax and say he relied on professional advice.
- Two former company directors face trial in Cyprus for unpaid VAT related to Abramovich’s yacht expenses.
- The investigation will examine all companies and people involved, including Deloitte.
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