An investigation by BBC Panorama has revealed that Deloitte in Cyprus allegedly assisted Roman Abramovich in falsifying documents to conceal his wealth and evade taxes. The inquiry found that assets worth $672 million, including yachts and mansions, were removed from company accounts through backdated paperwork. Abramovich's legal team denies any wrongdoing, asserting that he relied on professional advice.
The investigation highlights serious concerns regarding the integrity of financial practices within Abramovich's business operations, particularly in light of ongoing scrutiny of his wealth following sanctions imposed after Russia's invasion of Ukraine. The findings raise questions about the accountability of major accounting firms in facilitating tax evasion schemes.