Deloitte helped falsify documents to hide Abramovich wealth
Business

Deloitte helped falsify documents to hide Abramovich wealth

Key Takeaways

  • Deloitte helped falsify documents to hide Roman Abramovich's wealth.
  • Assets worth $672 million vanished from company accounts using backdated paperwork.
  • Legal experts labeled the arrangement as blatant tax evasion.
  • Abramovich and Deloitte both denied any unlawful activity.

A joint investigation by BBC Panorama and the Bureau of Investigative Journalism reveals that accounting giant Deloitte helped falsify documents to conceal Roman Abramovich's massive wealth and evade taxes. Leaked records show that superyachts, mansions, and private jets worth $672 million vanished from company accounts using backdated paperwork and offshore administrative networks in Cyprus.

Legal experts have characterized the scheme as straightforward and blatant tax evasion. Representatives for Roman Abramovich denied any wrongdoing, stating there is no evidence he authorized the falsification and that he legitimately relied on professional advice, while Deloitte Cyprus asserted that it complies with all applicable laws.

Recommended for you

Tools and services we trust to boost productivity and content workflows.

Browse picks
Original source →
Deloitte helped falsify documents to hide Abramovich wealth