SharePlusA joint investigation by BBC Panorama and the Bureau of Investigative Journalism reveals that the accounting firm Deloitte helped falsify documents to hide Roman Abramovich's wealth and evade taxes. The leaked files show that assets worth $672 million, including superyachts, mansions, and private jets, vanished from company accounts through backdated paperwork signed off in Cyprus.
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 wealth. Assets worth hundreds of millions vanished from accounts through backdated paperwork. Legal experts describe the scheme as blatant tax evasion. Meanwhile, representatives for Abramovich and Deloitte maintain that their actions complied with applicable laws and professional standards.
The UK Treasury Committee has called on HMRC to investigate potential tax liabilities following an independent commission's ruling that Manchester City breached Premier League financial regulations. The club was found to have artificially inflated revenue through 'sham' sponsorship deals. Reports suggest the club may owe up to £24 million in unpaid taxes and penalties, specifically linked to disguised funding schemes. While Manchester City plans to appeal, the committee is seeking assurance that the tax authority is addressing the public interest surrounding these financial findings.