Investigation Reveals Allegations of Tax Evasion Involving Roman Abramovich and Deloitte

An investigation by BBC Panorama has found that documents were falsified to conceal Roman Abramovich's wealth and evade tax. The inquiry revealed that Deloitte, the world's largest accountancy firm, was involved in signing off accounts that omitted assets valued at $672 million from Abramovich's company records. The investigation indicates that Deloitte advised on a scheme to evade significant tax liabilities through document falsification. Barrister Andrew Mitchell KC described the scheme as "straightforward" tax evasion, stating that the evidence presented was clear. Abramovich's legal representatives denied any wrongdoing, asserting that he did not authorize or direct any document falsification and that he relied on professional advice. Deloitte Cyprus stated that it acts in compliance with applicable laws. The findings emerged from a joint investigation involving BBC Panorama and the Bureau of Investigative Journalism, which has been analyzing leaked documents related to Abramovich's financial dealings and offshore companies since 2023. The investigation also highlights the role of MeritServus, a corporate services firm that managed Abramovich's offshore entities, in facilitating the alleged tax evasion. The documents suggest that a series of backdated records were created to misrepresent the ownership and income of Abramovich's companies, allowing him to evade millions in taxes. Cypriot MP Christos Christofides commented on the need for accountability if tax evasion is confirmed. The investigation raises questions about the integrity of the professional advisers involved in managing Abramovich's wealth, as well as the broader implications for financial services in relation to oligarchs and corrupt practices.