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Deloitte Accused of Helping Oligarch Conceal $672M in Assets
An investigation by BBC's Panorama alleges that accounting giant Deloitte helped Russian oligarch Roman Abramovich conceal $672 million in assets and evade taxes by falsifying documents.
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What happened
- 01Deloitte allegedly helped Roman Abramovich conceal $672 million in assets and evade taxes through falsified documents.
- 02The BBC Panorama investigation claims Deloitte's Cyprus office approved misleading financial statements.
- 03Abramovich's lawyers deny tax evasion and claim he was unaware of document falsification.
- 04The probe is based on leaked documents related to Abramovich's finances managed from Cyprus.
- 05Abramovich, who holds Israeli citizenship, faces sanctions and asset freezes in Jersey.
The probe, based on leaked financial records from Cyprus, claims Deloitte's Cyprus office approved misleading statements and advised on tax evasion schemes. Abramovich's lawyers deny wrongdoing, while Deloitte Cyprus states it complies with laws. The allegations come as Abramovich faces sanctions and investigations in Jersey.
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