Deloitte Cyprus Faces Allegations of Concealing Roman Abramovich's Assets
1 report, 1 independent
Updated Oct 15
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What happened
The public audit oversight board, Adeelep, is acting on allegations that Deloitte Cyprus assisted in concealing Roman Abramovich’s assets. Deloitte Cyprus stated that it acts in accordance with applicable law and declined to comment on the specifics of the allegations. Adeelep is the state regulator of auditors and has the authority to open investigations and refer matters for criminal prosecution.
From cyprus-mail.com
Why it matters
The allegations involve the state regulator investigating a major professional services firm regarding financial oversight. Regulatory action against the subsidiary could transfer legal and reputational risk to the parent firm, Deloitte.
Deloitte previously advised Roman Abramovich on his financial affairs.
From cyprus-mail.com
Who's involved
- DeloitteThe professional services network facing allegations of concealing assets.
How it developed
Newest first. Tap a step to see who reported it.- Cypriot police are gathering evidence on Roman Abramovich's financial activities, linking him to Chelsea and international investments.Sub-event
Deloitte Cyprus accused of concealing assets in connection with its financial affairs.1 source