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Roman Abramovich: Behind every huge fortune is a crime

15 Mar 2022 | 05:40 | Football

 Roman Abramovich’s huge fortune was revealed when he was sanctioned by the UK government.

Conte talks about Abramovich selling Chelsea

Abramovich, 55, was placed on the UK’s list of sanctioned individuals last Thursday, leading to his assets being frozen and causing huge financial pressure on Chelsea, the football club. stone that he owns since 2003.

The oligarch has close ties to Vladimir Putin, who ordered an attack on Ukraine in February that has implicated wealthy Russians living abroad. Abramovich, along with dozens of his countrymen, have had their assets frozen in the United Kingdom.
Chelsea crisis, Roman Abramovich has made the final decision - Football

 Abramovich is having assets frozen at Chelsea.

The BBC launched an investigation into the origins of Abramovich’s wealth four years ago through its Panorama column, uncovering his significant connections to corruption, theft and alleged kidnapping.

Investigators had access to a secret five-page document believed to have been smuggled out of Russia, which stated that Roman had been detained by police on suspicion of stealing an oil tanker. diesel and sold it in 1992. His lawyers told the BBC the incident was just a misunderstanding, but the Moscow police chief issued a warrant for Roman’s arrest after the case disappeared without a trace.

The investigation then turned its attention to the mid-1990s, when Abramovich infiltrated the Russian energy industry through a fraudulent auction and a government bribe. At that time Roman wanted to buy state-owned oil facilities at a favorable price, but at this time he did not have political influence so he was not favored.

Boris Berezovsky, a fellow financier, is said to have offered Abramovich $10 million to a Kremlin official for support. The intended target of the bribe was Alexander Korzhakov, a close friend of then-president Boris Yeltsin. Korzhakov denied accepting bribes but confirmed to the BBC that Berezovsky tried to convince him. Regardless of how the money was handled, Abramovich’s plan worked and he bought the Sibneft oil company after an auction.

Abramovich bought Sibneft for $250 million, about $2.7 billion less than it was worth, and would later sell it back to the government for $13 billion in 2005.

According to a document from Spain, Abramovich – who served as governor of the region under Putin for eight years – is also responsible for managing the president’s personal economic interests. This is something Abramovich’s lawyers deny, while they also deny that he was protected by Yeltsin or Putin.
Kidnapping, theft and corruption: Damning revelations of Roman Abramovich probe in full - Bóng Đá

 Abramovich was investigated by the BBC for many years.

In another questionable transaction in 2002, Abramovich bought the oil company Slavneft after allegations of the kidnapping of a rival investor. Chinese company CNPC was said to be willing to pay twice as much as its competitors but its representatives are said to have been kidnapped upon arrival at Moscow airport. CNPC then dropped the deal and again, Abramovich bought the company for a bargain fee.

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