Investigations implicate Deloitte, one of the world’s largest accounting firms, in alleged tax-evasion schemes involving Russian billionaire Roman Abramovich’s Cyprus companies
Deloitte, one of the world’s largest consulting and auditing firms, helped falsify documents to conceal Russian billionaire Roman Abramovich’s wealth and enable him to evade taxes, according to a joint investigation by the BBC and the Bureau of Investigative Journalism (TBIJ). The Guardian published a separate report on the same case.
British investigative journalism outlets BBC and the Bureau of Investigative Journalism (TBIJ) have accused accounting giant Deloitte of complicity in tax evasion schemes involving Russian billionaire Roman Abramovich's Cyprus-based companies. The investigations, based on leaked documents and emails, reveal instances of fraud dating back to 2006.
Deloitte's Cyprus office is alleged to have helped falsify financial statements for Amiscan Investments, Kravin Investments, and Electus Investments, making it appear as though these companies owned significantly less wealth than they actually did. Deloitte Cyprus employees are reported to have discussed the scheme to "make the assets disappear."
Deloitte signed off on the altered financial statements, removing valuable assets from Amiscan's records. Deloitte and Abramovich's lawyers deny any wrongdoing, citing compliance with local law.
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