Leaked Files: Deloitte Cyprus Helped Abramovich Hide $10B

· Investigations · Russia

A new investigation by ICIJ's media partners, based on leaked files, reports that Deloitte's Cyprus arm helped sanctioned oligarch Roman Abramovich conceal a $10 billion fortune. According to the investigation, the financial advisors in Cyprus falsified financial records as part of a yearslong ploy to help him evade taxes. The leaked material shows how the advisory work was structured to shield assets tied to a figure who has been the target of international sanctions since Russia's invasion of Ukraine. The findings add to a growing body of leak-based reporting on how professional services firms have aided wealthy clients in moving and hiding money. The immediate effect is fresh scrutiny on Big Four advisory networks operating in low-transparency jurisdictions and on enforcement against sanctions evasion.

Why it matters：The case shows how global accounting and advisory networks can be drawn into sanctions-evasion and tax-evasion schemes, shaping enforcement priorities and compliance expectations for professional services firms worldwide.

Key points

  • The investigation was carried out by ICIJ's media partners using leaked files.
  • Abramovich is described as a sanctioned oligarch, and the alleged conduct spans years.
  • The reported $10 billion is the scale of the fortune the advisors allegedly helped hide.

Sources (original reporting)

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