Headlines

Billionaire Abramovich says Jersey investigation is baseless and illegal

Published by Global Banking & Finance Review

Posted on November 16, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
Billionaire Abramovich says Jersey investigation is baseless and illegal
Global Banking & Finance Awards 2026 — Call for Entries

MOSCOW (Reuters) -Russian billionaire Roman Abramovich's spokesperson said on Sunday that a criminal investigation launched by the Jersey authorities against him in 2022 was baseless and that he had

Roman Abramovich Denies Jersey Investigation Claims as Groundless

MOSCOW (Reuters) -Russian billionaire Roman Abramovich's spokesperson said on Sunday that a criminal investigation launched by the Jersey authorities against him in 2022 was baseless and that he had been allowed to introduce "claims of conspiracy" against the government.

In April 2022, the Royal Court of Jersey imposed a formal freezing order on $7 billion worth of assets in trusts which Jersey said were linked to Abramovich and the Attorney General of Jersey said that Abramovich was a suspect in a criminal investigation.

"No charges have been brought against Mr Abramovich in the 3.5 years since the investigation was commenced, and, to our knowledge, in fact no progress has been made on this case," his spokesperson said.

"Mr Abramovich was allowed earlier this year to introduce claims of Conspiracy against the Government of Jersey," the spokesperson said.

(Reporting by Reuters; editing by Guy Faulconbridge)

Key Takeaways

  • Roman Abramovich disputes Jersey's investigation as baseless.
  • Jersey froze $7 billion in assets linked to Abramovich.
  • No charges have been filed in over 3.5 years.
  • Abramovich allowed to claim conspiracy against Jersey.
  • Investigation progress remains unclear.

Frequently Asked Questions

What is a criminal investigation?
A criminal investigation is a process where law enforcement agencies gather evidence to determine whether a crime has been committed and to identify the responsible parties.
What is asset freezing?
Asset freezing is a legal process where authorities prevent an individual or entity from accessing or transferring their assets, often during an investigation or legal proceeding.
What is a conspiracy claim?
A conspiracy claim involves an allegation that two or more parties conspired to commit an unlawful act, often requiring proof of agreement and intent to carry out the act.
What is a spokesperson?
A spokesperson is an individual designated to speak on behalf of an organization or person, providing information and responding to inquiries from the media or public.
What is a freezing order?
A freezing order is a court order that prevents a person from disposing of or dealing with their assets, ensuring they remain available for potential legal claims.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category