Leaked files raise questions over timing of deal as government of Cyprus reveals ‘ongoing’ criminal investigation
One of the world’s biggest accountancy firms helped Russia’s “richest” oligarch attempt to transfer £1bn in a public company on the day he was placed under EU sanctions, leaked documents suggest. The disclosure raises serious questions about the role played by PwC Cyprus in a potential sanctions breach.
Details of the blue-chip accountant’s work for the Kremlin-connected tycoon have emerged as part of the Cyprus Confidential project – a cache of 3.6m offshore records leaked to the International Consortium of Investigative Journalists (ICIJ) and Germany’s Paper Trail Media, which shared access with the Guardian and other media partners.
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