Bangladesh, Aug. 22 -- Cyprus is preparing for one of its most high-profile financial crime trials in recent years, after prosecutors filed a criminal indictment against former directors of a company tied to Russian billionaire Roman Abramovichs luxury yacht empire. The case, involving an alleged €25 million tax evasion scheme, underscores both the complexity of offshore structures in the Mediterranean financial hub and the challenges authorities face in pursuing figures connected to sanctioned Russian oligarchs.
The indictment, filed by Cyprus tax commissioner Sotiris Markides, concerns Blue Ocean Management Limited (BOYM), a company established more than two decades ago to manage Abramovichs fleet of superyachts. While Abramovich...
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