Published by Global Banking and Finance Review
Posted on November 16, 2025
2 min readLast updated: January 21, 2026
Roman Abramovich disputes the Jersey investigation, calling it baseless. He claims conspiracy against the Jersey government, citing data deletion.
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.
Jersey did not immediately respond to a request for comment on the statement.
Abramovich's spokesperson said that the conspiracy claim related to the government of Jersey admitting to having deleted data relating to the case as well as their overall failure to disclose data held on Abramovich.
Abramovich, who also holds Israeli citizenship, was one of the most powerful businessmen who earned fabulous fortunes after the 1991 break-up of the Soviet Union. Forbes has put his net worth at $9.2 billion.
(Reporting by Reuters; editing by Guy Faulconbridge)
Asset freezing is a legal process where authorities restrict access to an individual's assets, often during investigations related to financial crimes or fraud.
A conspiracy claim involves allegations that two or more parties colluded to commit an unlawful act, often resulting in legal action.
Financial crime refers to illegal activities that involve the manipulation of financial systems for personal gain, including fraud, money laundering, and embezzlement.
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on decentralized networks based on blockchain technology.
Asset management is the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner.
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