Abramovich's close associate misled UK court in £1bn oil-fields case, documents suggest
Summary
Leaked documents suggest Eugene Tenenbaum, a close associate of Roman Abramovich, gave false testimony in a 2008 UK court case about the ownership of Siberian oil fields. The case involved a dispute over the value and control of the oil fields between Abramovich's company Sibneft and another Russian company, Sibir Energy, and new evidence questions the honesty of those involved.Key Facts
- Eugene Tenenbaum, formerly a director at Chelsea FC and associate of Roman Abramovich, was involved in the 2008 court case over Siberian oil fields.
- The court case was about a dispute with Sibir Energy, owned by Russian billionaire Chalva Tchigirinsky, over the ownership and value of the oil fields.
- Yugraneft, a subsidiary of Sibir Energy, claimed their stake in the oil venture was unfairly reduced from 50% to less than 1%.
- Yugraneft alleged Abramovich's team committed fraud causing losses worth about $2 billion (around £1 billion in 2008).
- Abramovich's side argued that Yugraneft lost its shares because it could not repay loans exceeding $30 million.
- Documents leaked as part of a wider investigation reveal possible attempts to mislead the court and hide wealth using offshore companies.
- Deloitte, a major accounting firm, was found to have allegedly helped falsify documents related to Abramovich’s finances.
- The new evidence is part of ongoing investigations by BBC Panorama, the Bureau of Investigative Journalism, and several media partners.
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