Backdated paperwork has been used to remove Russian billionaire Roman Abramovich’s yachts and mansions from his financial records, a BBC investigation has revealed.
The documents were dated earlier than when they were actually created, a technique that can conceal assets from tax authorities.
By making the high‑value properties disappear from Abramovich’s accounts, the paperwork appears to have been designed to avoid tax liabilities.
The BBC’s inquiry examined the financial statements and found evidence that the backdating was deliberate.
These findings highlight the challenges that tax authorities face in tracking the wealth of high‑net‑worth individuals.
<small>Source: BBC News — read the original story there.</small>