Investigation Alleges Deloitte Helped Falsify Documents for Roman Abramovich

An investigation found that Deloitte allegedly helped falsify financial documents to conceal Roman Abramovich’s wealth and evade taxes, according to reports from BBC Panorama and the Bureau of Investigative Journalism. The documents detail a scheme involving backdating over 1,000 corporate records and accounts approved by Deloitte in Cyprus that allegedly hid assets worth $672 million, including superyachts and private jets, from Abramovich’s company statements. Roman Abramovich’s lawyers denied that he knew about, authorized, or directed the falsification of any documents.

The allegations suggest a long-running strategy of using offshore companies administered from Cyprus to shield billions of pounds obtained by Roman Abramovich. The findings raise questions about how Abramovich was able to shield his financial affairs from authorities for more than a decade, with the apparent assistance of professional advisers. Deloitte Cyprus stated that it acts in compliance with applicable laws.