The Russian oligarch has been accused of dodging paying tax with a superyachts-for-hire scheme.
Abramovich has denied any wrongdoing.
We take a look at the detail.
Roman Abramovich has sold his home in the Kensington area of London in 2022 (Photo: Hollie Adams/Bloomberg/Getty)
But in 2022 he was sanctioned by the UK and forced to sell the Stamford Bridge club, which led to him leaving London and setting up home elsewhere.
He was renting a gated estate in Istanbul, Turkey, according to the head of the Istanbul Real Estate Brokers Club, from late 2022.
In September last year, TurkiyeToday.com reported demolition had begun on a property owned by Abramovich.
Turkey’s President Recep Tayyip Erdogan intervened in the row over the construction accusing the opposition-led city authorities of “handing over Istanbul’s most valuable environmental treasures to wealthy elites”.
Since 2018, the Russian-born businessman has had Israeli citizenship. And in 2020, he was reported by The Times of Israel to have bought a £50m mansion in the city of Herzliya in Israel.
This is understood to be the third property he had purchased in Israel, after buying a £24m home in the Neve Tzedek neighbourhood of Tel Aviv and a £45m seafront office block in the city.
What is Roman Abramovich accused of?
The superyacht, Solaris, owned by Roman Abramovich (Photo: Filip Filipovic/Getty)Abramovich is understood to own five superyachts, which he bought in the 2000s: Eclipse, Pelorus, Ecstasea, Luna and Le Grande Bleu.
The firm then chartered them to a group of companies, which it is claimed were also owned by Abramovich.
These companies were said to have been used to hire the yachts out to Abramovich himself or other companies he controlled.
Its purpose, according to those investigating, was to help Abramovich avoid paying huge tax bills on the yachts’ running costs.
But these were, it seems, controlled by Abramovich.
It is reported to have stated: “We want to avoid paying VAT on the purchase price of the yachts and where possible to avoid paying VAT on goods and services provided to the yachts.
Abramovich denies 'benefitting' from invasion of Ukraine as sanctions upheld
Read MoreThe companies which leased the yachts needed to have separate shareholders, directors or registered addresses to avoid any “common link” with Abramovich.
Tax expert Rita de la Feria told the BBC she had seen in the yacht scheme “indications” they “may be misrepresenting information”.
Holloway told the BBC he joined Blue Ocean 20 years ago and was there for “a relatively short period of time”.
Russian billionaire Roman Abramovich’s private luxury yacht Eclipse anchored in Bodrum, Turkey (Photo: Osman Uras/Anadolu Agency/Getty)
Lawyers for Abramovich said he “always obtained independent expert professional tax and legal advice” and “acted in accordance” with it.
Blue Ocean was officially dissolved in 2024.
Why did Roman Abramovich have to sell Chelsea?
Roman Abramovich, second left, after Chelsea won the Uefa Champions League final in May 2021 in Porto, Portugal (Photo: Alex Caparros/Uefa/Getty)He took over from the former owner Ken Bates.
However, after Russia’s invasion of Ukraine in 2022 the British government froze Abramovich’s assets in the UK on 10 March as a result of his “close ties” to Vladimir Putin and the Kremlin.
But two days later on 12 March, the Premier League disqualified Abramovich as a director of Chelsea and he was forced to sell the club.
By May 2022, Chelsea had been sold to group led by American businessman Todd Boehly and Clearlake Capital in a deal estimated to be worth £4.25bn.
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