The Aporia
The BBC’s investigative program Panorama and the Bureau of Investigative Journalism have revealed that Deloitte, one of the world's largest accounting firms, helped in falsifying documents to hide Russian billionaire Roman Abramovich's wealth and evade taxes since 2023. The investigation uncovered hundreds of backdated and falsified documents, including those signed off by Deloitte in Cyprus, which concealed assets worth $672 million (£508 million) from Abramovich’s company accounts. These include valuable possessions like superyachts, mansions, and private jets. Financial services law expert Andrew Mitchell KC stated that the evidence shows clear tax evasion. However, Abramovich's lawyers maintain he did not authorize any document falsification or knew about it and claim reliance on professional advice was legitimate. Deloitte Cyprus maintains they act in compliance with applicable laws. This case highlights serious allegations of large-scale financial misconduct involving a prominent figure in the UK business community.