Roman Abramovich transferred superyachts and private jets worth $4 billion to his children just before the Ukraine invasion, report says
reported, citing files it obtained alongside the Organized Crime and Corruption Reporting Project.
The shuffling of assets were detailed in hacked files from Cypriot company MeritServus, which managed the former Chelsea FC owner's finances for two decades, per the reports. Demetris Ioannides, the chairman of MeritSevus, didn't respond to The Guardian's requests for comment but said:"The paramount responsibility of a trustee is to protect the assets of a trust."
Companies controlled by Abramovich's trusts had assets worth $2.5 billion at the end of 2021, per the reports., to more than $7 billion.of two private jets in February worth $400 million to his children via two trusts that control a web of shell companies, an FBI agent claimed in June.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mystery of why Roman buildings have survived so long has been unraveled, scientists sayScientists behind a new study say they have uncovered the mystery ingredient that allowed the Romans to make their construction material so durable and build elaborate structures in challenging places such as docks, sewers and earthquake zones.
Read more »
We Finally Know How Ancient Roman Concrete Was So DurableThe ancient Romans were masters of building and engineering, perhaps most famously represented by the aqueducts.
Read more »
Why ancient Roman structures like the Pantheon still stand | CNNThis week, learn the secret ingredient that kept ancient Roman structures standing for thousands of years, meet a rare snowy owl in Southern California, get a peek at this year's space missions, and more.
Read more »
Research uncover secret that made ancient Roman concrete so durableScientists from a MIT, Harvard University study found the secret to what made ancient Roman concrete last thousands of years.
Read more »
Oligarch Shook Up Trusts Holding $4B+ Before Sanctions: LeakRussian oligarch Roman Abramovich made his children the beneficiaries of several offshore trusts holding billions of dollars shortly before he was hit by sanctions.
Read more »
How to start and grow a business, according to founders' adviceInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »