Cyprus police open investigation into financial affairs of Roman Abramovich

What happened: Cyprus police opened an investigation into Roman Abramovich's financial affairs after BBC Panorama reported that Deloitte helped falsify documents Why it matters: Police representative Andreas Anastasiades said the Financial Crime Unit had begun gathering evidence and the investigation was expected to last several months. He said investigators would look at any company or person who may be involved. Abramovich's lawyers deny tax evasion and say he was not shown to have known about or directed any falsification. Deloitte Cyprus said it acts in compliance with applicable laws.

Cyprus police opened an investigation into Roman Abramovich's financial affairs after BBC Panorama reported that Deloitte helped falsify documents

Police representative Andreas Anastasiades said the Financial Crime Unit had begun gathering evidence and the investigation was expected to last several months. He said investigators would look at any company or person who may be involved. Abramovich's lawyers deny tax evasion and say he was not shown to have known about or directed any falsification. Deloitte Cyprus said it acts in compliance with applicable laws.