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2 clusters · 34 sources · 11 days · First seen 16 days ago · Last updated 5 days ago

Investigation into Roman Abramovich and Deloitte Cyprus

Overview

An international investigative project, known as ‘Cyprus Confidential’, has alleged that Deloitte Cyprus assisted Roman Abramovich in concealing billions of dollars in assets and evading taxes. The investigation, conducted by outlets including BBC Panorama, The Guardian, and the OCCRP, claims that backdated documents were used to hide luxury assets worth approximately $672 million from public records and to move over $10 billion to the British Virgin Islands to avoid disclosure requirements.

Following these reports, Cyprus police launched an official investigation into the financial and tax activities of Abramovich, specifically examining events between 2003 and 2006. The probe, conducted by the police’s Financial Intelligence Unit, is looking into whether associates of Abramovich and officials from Deloitte’s Cyprus branch, as well as corporate service provider MeritServus, falsified documents to facilitate tax avoidance.

Andreas Anastasiades, Assistant Director of the Crime Fighting Department, indicated that evidence collection has begun, noting that the significant passage of time presents challenges for the inquiry. He stated that the investigation is expected to take approximately six months. Lawyers for Abramovich have denied any wrongdoing, asserting that he relied on professional advice, while Deloitte Cyprus has stated it acts in compliance with applicable laws.

Entities

Roman Abramovich · MeritServus · Cyprus · Deloitte · Amiscan Investments

Claims

What the coverage asserts, and how many sources carry each claim.

[● 9 SOURCES] Deloitte Cyprus and MeritServus are accused of helping to falsify and backdate documents. www.bbc.co.uk · segundoasegundo.com · news.az · www.lifo.gr · www.sondakika.com · +4 more
[● 7 SOURCES] Cypriot police have opened a financial investigation into Roman Abramovich. www.bbc.co.uk · segundoasegundo.com · news.az · www.thepressroom.gr · www.thetoc.gr · +2 more
[● 6 SOURCES] $672 million in assets including yachts and jets disappeared from company accounts in 2006. www.bbc.co.uk · segundoasegundo.com · news.az · www.thepressroom.gr · www.thetoc.gr · +1 more
[● 6 SOURCES] Deloitte Cyprus claims it acts in compliance with applicable laws. www.bbc.co.uk · segundoasegundo.com · news.az · www.lifo.gr · www.thetoc.gr · +1 more
[● 4 SOURCES] Roman Abramovich denies evading taxes or concealing his fortune. www.bbc.co.uk · segundoasegundo.com · news.az · www.occrp.org
[● 4 SOURCES] The police investigation is estimated to last approximately six months. www.athletiko.gr · www.lifo.gr · www.powergame.gr · news.az
[● 3 SOURCES] The police investigation is expected to focus on events from 2003 to 2006. www.athletiko.gr · www.lifo.gr · www.powergame.gr
[○ 1 SOURCE] Assets were transferred from Cyprus to the British Virgin Islands to avoid tax and disclosure laws. www.occrp.org

Timeline

5 days ago

[INTERNATIONAL] 11 sources
Cyprus police investigate Roman Abramovich's financial affairs
Cypriot police are investigating Roman Abramovich following allegations that Deloitte and MeritServus helped falsify documents to hide wealth and evade taxes through offshore companies.
16 days ago

[BUSINESS] 24 sources
Deloitte Cyprus accused of helping Roman Abramovich hide billions in assets
An investigation alleges Deloitte Cyprus helped Roman Abramovich hide billions in assets and evade taxes using backdated documents to bypass transparency laws in Cyprus.

Sources

aeiou.pt · agenparl.eu · ameve.eu · athletiko.gr · bbc.co.uk · bbcrussian.com · brandspurng.com · calcionews24.com · cyprus-mail.com · dailycannon.com · e15.cz · frenchfootballweekly.com · gandul.ro · ghanamma.com · ibtimes.co.uk · lifo.gr · myjoyonline.com · news.az · news.yam.md · newsbomb.gr · novini247.com · nra.lv · occrp.org · powergame.gr · quotidiano.net · realtid.se · sapo.pt · segundoasegundo.com · sigmalive.com · sondakika.com · sport.onet.pl · tdpelmedia.com · thepressroom.gr · thetoc.gr

This summary has been updated 2 times: see revision history