Cypriot police investigate disappearance of Abramovich assets worth $672 million

Review of oligarch's financial operations begins

Cypriot law enforcement agencies have launched an official investigation concerning the financial activities and tax history of Russian businessman Roman Abramovich. This is reported by The Guardian.

Reports contain gaps worth hundreds of millions

The aforementioned investigation is linked to previously published information about the possible concealment of the entrepreneur's assets with the involvement of audit firm Deloitte. According to journalists, Abramovich's financial reports show missing assets with a total value of $672 million. This category includes yachts, luxury real estate, and private jets.

Suspicions regarding auditors' role

Investigators are also examining the version that Deloitte may have facilitated the creation of a scheme to avoid significant tax liabilities. As stated in the investigation materials, forged documents may have been used to implement such plans, some of which were likely backdated.

Currently, law enforcement are establishing the circumstances of the possible concealment of assets and tax evasion. Final conclusions regarding the involvement of specific individuals will be formulated at the end of the investigation.