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.
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19 Articles
An investigation by the British media reveals how, using documents with retroactive dates, billions of dollars of assets belonging to the Russian oligarch were hidden.
A BBC investigation has revealed that Deloitte helped Roman Abramovich evade taxes and hide assets worth hundreds of millions of dollars by forging and backdating documents in Cyprus.
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…
Bashkëpunëtorët e oligarkut rus Roman Abramovich, month tyre edhe drejtues të kompanisë së auditimit Deloitte në Qipro, akuzohen se kanë falsifikuar dokumente fundare për të fshehur pasuri me vlerë miliarda dollarë dhe për të shangur pagesën e taksave. [...] Read More...
The world's largest accounting firm helped falsify documents to conceal Roman Abramovich's wealth, BBC investigative journalists have found. Deloitte also helped the billionaire avoid paying taxes.
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