Cyprus police open investigation into Roman Abramovich's financial affairs

Cyprus police have opened an investigation into Roman Abramovich’s financial affairs following reporting by BBC Panorama and the Bureau of Investigative Journalism. Leaked documents indicate that accounts signed off by Deloitte in Cyprus in 2006 removed assets worth $672 million—including superyachts, mansions and private jets—from Abramovich company accounts. Investigators are seeking to establish whether criminal acts were committed; the Financial Crime Unit has begun gathering evidence and expects the inquiry to last several months. Abramovich denies evading tax or concealing his fortune, while Deloitte Cyprus says it acts in compliance with applicable laws.