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Cyprus police open investigation into financial affairs of Roman Abramovich

Police in Cyprus have launched an investigation into the financial and tax affairs of former Chelsea owner Roman Abramovich. The inquiry follows joint reporting by BBC Panorama and the Bureau of Investigative Journalism alleging that accountancy firm Deloitte Cyprus helped conceal the billionaire's wealth and evade tax using falsified documents. Abramovich's wealth is already the subject of a criminal investigation in Jersey. Authorities are examining professional advisory practices tied to the billionaire's asset management, raising questions regarding the role of major accounting networks in handling sanctioned Russian fortunes.

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  • ✓ Cypriot police have opened an investigation into the financial and tax affairs of Roman Abramovich.
  • ✓ The inquiry follows reporting by BBC Panorama and the Bureau of Investigative Journalism alleging that Deloitte Cyprus helped falsify documents to conceal the billionaire's wealth and evade tax.
  • ✓ Roman Abramovich's wealth is already the subject of a criminal investigation in Jersey.
🛡️ Source Corroboration: 13 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Cypriot police formally opened a criminal financial investigation into Roman Abramovich following media reports regarding falsified documents.

Live updates

  1. Cyprus Police Investigate Roman Abramovich Finances

    Police in Cyprus have launched an investigation into the financial and tax affairs of former Chelsea owner Roman Abramovich. The inquiry follows joint reporting by BBC Panorama and the Bureau of Investigative Journalism alleging that accountancy firm Deloitte Cyprus helped conceal the billionaire's wealth and evade tax using falsified documents. Abramovich's wealth is already the subject of a criminal investigation in Jersey. Authorities are examining professional advisory practices tied to the billionaire's asset management, raising questions regarding the role of major accounting networks in handling sanctioned Russian fortunes.

    Why it matters

    The investigation focuses on allegations that professional advisers assisted in hiding substantial assets from authorities. Deloitte's past actions in Cyprus have drawn intense scrutiny following the investigative reports. The inquiry expands international legal pressure on the billionaire, who faces parallel scrutiny across multiple jurisdictions.

    What is confirmed

    • Cypriot police have opened an investigation into the financial and tax affairs of Roman Abramovich.
    • The inquiry follows reporting by BBC Panorama and the Bureau of Investigative Journalism alleging that Deloitte Cyprus helped falsify documents to conceal the billionaire's wealth and evade tax.
    • Roman Abramovich's wealth is already the subject of a criminal investigation in Jersey.

    Still unconfirmed

    • The Cyprus watchdog cannot investigate Deloitte's past actions.

    What to watch next

    • Any official statements or findings from Cypriot police regarding Deloitte Cyprus
    • Potential enforcement actions or asset seizures related to the Jersey criminal investigation
    Sources used for this update (14)
    1. mynews13.com — Investigators say 71-year-old woman opened fire at Port Orange Police Department
    2. www.bbc.com — BBC Home - Breaking News, World News, US News, Sports, Business...
    3. BBC — Cyprus police open investigation into financial affairs of Roman Abramovich
    4. The Guardian — Cyprus police investigate financial and tax affairs of ex-Chelsea owner Roman Abramovich
    5. International Tax Review — A taxing week: Deloitte should not hide behind its network amid Abramovich allegations
    6. ua.news — Cyprus watchdog cannot investigate Deloitte’s past actions — Cyprus Mail
    7. TBIJ — Deloitte's Abramovich work under investigation by Cyprus police
    8. jerseyeveningpost.com — Cyprus police open investigation into financial affairs of ...
    9. en.wikipedia.org — Cyprus - Wikipedia
    10. www.worldatlas.com — Cyprus Maps & Facts - World Atlas
    11. www.myjoyonline.com — Cyprus police open investigation into financial affairs of Roman Abramovich - MyJoyOnline
    12. cashwalklabs.io — Cypriot police open investigation into Roman Abramovich's assets | Global Cashwalk
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