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Roman Abramovich

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Leaked Files Suggest Abramovich Aide Falsified Evidence in 2008 UK Oil Dispute
business-and-law20 hours ago

Leaked Files Suggest Abramovich Aide Falsified Evidence in 2008 UK Oil Dispute

Leaked documents from the Cyprus Confidential investigation suggest that Eugene Tenenbaum, a close associate of Roman Abramovich, misled a UK court in a 2008 case regarding Siberian oil fields. The files indicate that Tenenbaum authorized transactions related to the joint venture before testifying that he had no knowledge of them. Additionally, the records reveal a broader pattern of backdating documents to evade taxes and hide assets, involving Deloitte Cyprus and other advisers. Abramovich and Tenenbaum deny the allegations, citing reliance on professional advice.

via BBC|
#business-and-law#cyprus-confidential#deloitte
Leaked Records Reveal Decade-Long Scheme to Hide Abramovich’s Wealth via Backdated Documents
investigative-journalism1 day ago

Leaked Records Reveal Decade-Long Scheme to Hide Abramovich’s Wealth via Backdated Documents

Leaked corporate records indicate that aides of Russian oligarch Roman Abramovich, including staff at Deloitte Cyprus, falsified and backdated over 1,000 documents between 1999 and 2013 to conceal assets and evade taxes. The scheme involved shifting billions from the sale of Sibneft oilfields through offshore entities, specifically erasing a $2bn tax liability in Cyprus and hiding luxury assets like the Fyning Hill estate. Abramovich and his closest aide, Eugene Tenenbaum, deny wrongdoing, claiming reliance on professional advice, while Deloitte states it complies with laws but cannot access old files. Experts describe the actions as blatant tax evasion and fraudulent misrepresentation.

via The Guardian|
#cyprus-confidential#deloitte-cyprus#investigative-journalism
Deloitte and Meritservus Falsified Over 1,000 Documents to Hide Abramovich's $10bn Fortune
business-and-finance1 day ago

Deloitte and Meritservus Falsified Over 1,000 Documents to Hide Abramovich's $10bn Fortune

A joint investigation reveals that Deloitte Cyprus and its spin-off Meritservus falsified over 1,000 corporate documents between 1999 and 2013 to help Russian oligarch Roman Abramovich conceal assets and evade taxes. The scheme involved backdating records to hide billions in wealth from public accounts and avoid tax liabilities in Cyprus. While Abramovich denies involvement, experts describe the actions as blatant tax evasion and fraud.

via TBIJ|
#business-and-finance#cyprus-confidential#deloitte
UK Demands Abramovich Transfer Chelsea Sale Funds to Ukraine Victims
world9 months ago

UK Demands Abramovich Transfer Chelsea Sale Funds to Ukraine Victims

The UK government is pursuing legal action against Roman Abramovich over frozen funds from Chelsea sale intended for Ukraine victims, amid ongoing political and economic developments including the UK's re-entry into the Erasmus program, a bidding war for Warner Bros Discovery, and military preparations for potential peacekeeping in Ukraine. The front pages also highlight protests, diplomatic tensions, and cultural heritage issues.

via BBC|
#doctors-strike#roman-abramovich#uk-eu-relations
UK Considers Legal Action Against Abramovich Over Chelsea Sale Funds
world1 year ago

UK Considers Legal Action Against Abramovich Over Chelsea Sale Funds

Britain has threatened to sue Roman Abramovich over the 2.5 billion pounds from the sale of Chelsea, which was frozen due to sanctions related to Russia's invasion of Ukraine. The UK government aims to ensure the funds are used for humanitarian aid in Ukraine and is prepared to pursue legal action if necessary, while Abramovich seeks more flexibility on the use of the proceeds.

via Reuters|
#chelsea-sale#legal-action#roman-abramovich
"Rupert Murdoch's 5th Marriage: Engaged to Russian Elena Zhukova at 92"
celebrity-relationships2 years ago

"Rupert Murdoch's 5th Marriage: Engaged to Russian Elena Zhukova at 92"

Media mogul Rupert Murdoch, 92, is set to marry for the fifth time, this time to Elena Zhukova, 67, who has ties to Russian oligarchs through her previous marriage to Alexander Radkin Zhukov and her daughter Dasha's marriage to Roman Abramovich. Abramovich, a confidant to Russian leader Vladimir Putin, has faced sanctions and had his assets seized due to his close ties with Putin. Dasha Zhukova is now married to Stavros Niarchos, the grandson of a Greek shipping tycoon.

via Business Insider|
#celebrity-relationships#elena-zhukova#marriage
"The Secret London VC Behind Roman Abramovich's Startup Investments"
business2 years ago

"The Secret London VC Behind Roman Abramovich's Startup Investments"

London-based venture capital firm Target Global managed tens of millions of dollars for Russian oligarch Roman Abramovich, helping him invest in European startups such as Circ and Auto1. Leaked documents reveal that Abramovich's investments were made through Target Global and its special purpose vehicles, with loans provided to indirectly buy stakes in startups like Flo and Delivery Hero. Target Global has ties to other Russian oligarchs, including cofounder Alex Frolov's father, who was sanctioned for his ties to the Kremlin. Despite the sanctions, Abramovich has sought to overturn them, while his wealth has decreased due to international sanctions and Russia's slowing economy.

via Forbes|
#business#european-startups#roman-abramovich
"EU Court Rejects Abramovich's Challenge, Upholds Sanctions on Russian Billionaire"
international-relations2 years ago

"EU Court Rejects Abramovich's Challenge, Upholds Sanctions on Russian Billionaire"

The European Court of Justice has upheld the inclusion of Russian billionaire Roman Abramovich on the European Union's sanctions list following Russia's invasion of Ukraine. Abramovich had challenged his inclusion, claiming an "infringement of fundamental rights," but the court dismissed his case, stating that the EU did not err in its assessment. The court also rejected Abramovich's claim for compensation. The EU had placed Abramovich on the sanctions list due to his close ties to Russian President Vladimir Putin and his role as a major shareholder in a Russian steel and mining company. Almost 1,800 individuals and entities are currently on the EU's sanctions list.

via CNN|
#european-union#international-relations#roman-abramovich
"EU Court Upholds Sanctions Against Russian Billionaire Abramovich Amid Ukraine War"
business2 years ago

"EU Court Upholds Sanctions Against Russian Billionaire Abramovich Amid Ukraine War"

Russian billionaire Roman Abramovich has failed to overturn European Union sanctions imposed on him following Russia's invasion of Ukraine. The General Court of the European Union rejected Abramovich's legal challenge, stating that he had failed to demonstrate that his inclusion on the sanctions list was unlawful. The court upheld the freezing of his assets and travel ban within the EU. Abramovich can appeal the ruling, but it is unclear if he will do so.

via Forbes|
#business#eu-sanctions#evraz
Abramovich's Legal Challenge Fails: EU Sanctions Upheld
international-relations2 years ago

Abramovich's Legal Challenge Fails: EU Sanctions Upheld

Russian billionaire Roman Abramovich has lost his legal challenge against European Union (EU) sanctions imposed on him following Russia's invasion of Ukraine. The EU court in Brussels rejected Abramovich's challenge and dismissed his claims for compensation, citing his role in the Russian steel company Evraz and the significant revenue it provides to the Russian government. Abramovich, who holds Israeli citizenship and is a former owner of Chelsea Football Club, expressed disappointment with the ruling, stating that the court had not considered certain arguments and that he had not benefited from the Ukraine war.

via Reuters|
#eu-sanctions#european-court#evraz
Abramovich's Legal Challenge Fails as EU Court Upholds Sanctions
business2 years ago

Abramovich's Legal Challenge Fails as EU Court Upholds Sanctions

Russian billionaire Roman Abramovich has denied benefiting from the war in Ukraine after the European Union's General Court upheld sanctions against him. The court ruled that Abramovich, the majority shareholder in steel and mining group Evraz, provides a "substantial source of revenue" to the Russian government. Abramovich's representatives stated that he does not have the ability to influence any government's decision-making and has not benefited from the war. While disappointed with the ruling, they welcomed that the court did not consider certain arguments presented by the EU Council. Abramovich was targeted by the EU and the UK in March 2022, leading to the freezing of his assets and the sale of his ownership of Chelsea Football Club.

via CNBC|
#business#eu-sanctions#evraz