Cyprus police investigate Russian billionaire Roman Abramovich for possible tax evasion after reports implicate accounting giant Deloitte

Source: BBC News

Police in Cyprus have launched an investigation into reports that Russian billionaire Roman Abramovich may have evaded taxes with help from the accounting firm Deloitte. A Cypriot Justice Ministry official told a parliamentary committee meeting on combating money laundering that the investigation was underway, the BBC reported.

The police financial crime unit is conducting the investigation.

“We will look at any company or person who may be involved. We will see if there has been fraud or if some documents have been manipulated,” Cypriot police spokesman Andreas Anastasiades told the BBC.

The BBC, The Guardian, and the Bureau of Investigative Journalism (TBIJ) previously published investigations reporting that Deloitte, one of the world’s largest consulting and accounting firms, helped falsify documents to conceal Abramovich’s wealth and help him evade taxes. According to the journalists, Deloitte’s Cyprus division helped him conceal $672 million in assets, including mansions, yachts, and private jets.

Abramovich’s lawyers denied any wrongdoing. Deloitte Cyprus said it had always complied with local laws.

Russian billionaires and Cyprus companies

At Meduza, we are committed to transparency about our use of artificial intelligence in the newsroom. The story you’re reading was written by one of our living, breathing journalists and translated from Russian using an AI model configured to follow our strict editorial standards. This translation process is the result of extensive testing and refinements to ensure our English-language coverage is timely and accurate. A Meduza editor reviews every draft before publication.

If you find any errors in this translation, please contact us at reports@meduza.io.

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Cyprus police investigate Russian billionaire Roman Abramovich for possible tax evasion after reports implicate accounting giant Deloitte

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Cyprus police investigate Russian billionaire Roman Abramovich for possible tax evasion after reports implicate accounting giant Deloitte

Russian billionaires and Cyprus companies

Investigations implicate Deloitte, one of the world’s largest accounting firms, in alleged tax-evasion schemes involving Russian billionaire Roman Abramovich’s Cyprus companies

Moscow money in the MediterraneanLeaked documents show Cyprus firms linked to Russian billionaires played key role in the Kremlin’s backdoor dealings

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