Leaked Abramovich paperwork increase recent questions for Chelsea FC, RTÉ reforms to incorporate wage cap – The Irish Occasions – eastpowernews

Cyprus Confidential: Leaked Abramovich paperwork increase recent questions for Chelsea FC

Recent insights into the monetary affairs of Russian oligarch Roman Abramovich, together with offshore transactions apparently related together with his former possession of Chelsea Soccer Membership, are contained in an enormous cache of leaked paperwork shared by the Worldwide Consortium of Investigative Journalists (ICIJ) Paper Path Media and 67 media companions together with The Irish Occasions.

The leaked paperwork, primarily from monetary companies firms primarily based in EU member state Cyprus, present the extent of that nation’s dealings with vastly rich Russian enterprise figures and folks near the Kremlin, lots of whom had been sanctioned within the wake of the Russian invasion of Ukraine in February 2022.

Among the many paperwork are monetary accounts for 2018 for 2 firms primarily based within the British Virgin Islands that had been owned by a Cypriot belief the beneficiary of which was Mr Abramovich. Amongst hedge fund investments totalling $3 billion (€2.76 billion) held by the 2 firms on the finish of 2018 had been investments value $358 million in 4 Irish-resident funds.

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