Deloitte falsified documents to evade tax on Abramovich's wealth
BBC Panorama and the Bureau of Investigative Journalism have uncovered evidence of Deloitte, the world's largest accountancy firm, falsifying documents to help Russian oligarch Roman Abramovich evade tax. Deloitte signed off on documents that concealed assets worth $672 million (£508 million), including luxury properties, yachts, and private jets, from Abramovich's company accounts in Cyprus.
Experts have stated that the scheme was simple tax evasion and "blatant". Abramovich's lawyers deny the allegations, claiming that he was unaware of, authorized, or directed the falsification of any documents and that it was legitimate to rely on professional advice. Deloitte Cyprus stated that they act in compliance with applicable laws.
The investigation involves thousands of documents spanning from 1995 to 2022, revealing the use of backdated paperwork and a tax evasion scheme.
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