Deloitte Cyprus implicated in Abramovich’s asset-hiding scandal
Accounting giant Deloitte helped falsify corporate documents to conceal vast fortunes belonging to Roman Abramovich, Russian billionaire, a joint investigation
Deloitte, the world's largest accounting firm, is accused of falsifying documents to conceal Roman Abramovich's wealth and avoid tax, according to BBC Panorama's investigation. Documents signed by Deloitte in Cyprus erased assets worth $672 million from Abramovich's company accounts, which included superyachts, mansions, and private jets.
Deloitte allegedly advised on a scheme to evade a significant tax bill on Abramovich's wealth. Barrister Andrew Mitchell KC, an expert in financial services law, deemed the scheme as blatant tax evasion. Abramovich's lawyers deny any wrongdoing, stating that Panorama provided no evidence that he knew about, authorized, or directed the falsification of any document.
Deloitte Cyprus claimed they act in compliance with laws. The findings were revealed through a joint investigation by BBC Panorama and the Bureau of Investigative Journalism, following nearly two decades of Abramovich's presence in the UK as a prominent Russian oligarch.
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