Investigation links Deloitte Cyprus to asset concealment for Roman Abramovich

A collaborative international investigation, released on October 12, 2026, has uncovered allegations that billionaire Roman Abramovich used backdated documents to shift billions of dollars in assets, including yachts, jets, and properties, out of Cyprus to the British Virgin Islands. The report, conducted by BBC Panorama, the Bureau of Investigative Journalism, the OCCRP, and the Cyprus Investigative Reporting Network (CIReN), focuses on events occurring between 2003 and 2006. It suggests that Deloitte Cyprus and the corporate service provider MeritServus facilitated these transactions to avoid tax requirements and transparency regulations.

Key findings center on entities such as Amiscan Investments, which initially reported $672 million in assets, alongside Kravin and Electus. The investigation relies on thousands of leaked documents and emails. In response, lawyers for Mr. Abramovich have denied all allegations of tax evasion and asset concealment. Deloitte Cyprus stated that it acts in accordance with applicable laws but declined further comment, noting it no longer has access to records from two decades ago. The findings follow the broader Cyprus Confidential project, raising serious questions regarding financial oversight and the management of high-value offshore assets.