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Billionaire Abramovich says Jersey investigation is baseless and illegal
Published by Global Banking and Finance Review
Posted on November 16, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 16, 2025
1 min readLast updated: January 21, 2026
Roman Abramovich challenges Jersey's asset freeze, calling the investigation baseless. Despite 3.5 years, no charges have been filed, and Abramovich claims conspiracy.
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)
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.
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.
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.
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.
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.
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