Jersey opens probe into Roman Abramovich's wealth: WSJ

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The island where Roman Abramovich is suspected of holding $7 billion in assets has reportedly opened a probe into his wealth

A spokesperson for the government of Jersey declined to comment on or confirm reports of a probe. linked to the Russian oligarch in April, around a month after the UK sanctioned Abramovich. Authorities executed search warrants at locations around the island believed to be connected to Abramovich's business activities, according to a statement released last month.

While not an official part of the UK, the overseas territory must legally adhere to British sanctions. Jersey does not have a or inheritance tax, making it a popular destination for the superrich — and their offshore bank accounts. Jersey as one of the"worst" tax havens in the world, as reported by the BBC. The government pushed back on the ranking's credibility and said the state is in full compliance with international standards. As of February 2022, the EU does not categorize Jersey as a"non-cooperative jurisdictions for tax purposes.

 

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Abeg make dem free Roman now. Abeg

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