BBC·4 min read·medium

Abramovich's close associate misled UK court in £1bn oil-fields case, documents suggest

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Abramovich's close associate misled UK court in £1bn oil-fields case, documents suggest
✦AI Summary

Leaked documents suggest that Eugene Tenenbaum, a close associate of Roman Abramovich, may have misled a UK court during a 2008 legal battle over Siberian oil fields. The allegations involve a premeditated effort to dilute the stake of other investors in a joint venture.

Why it matters

The report raises serious questions about judicial integrity and the business practices of high-profile Russian billionaires in international courts.

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Image source, Getty Images Image caption, Eugene Tenenbaum (left) with Roman Abramovich (right) at Chelsea FC, in 2014

One of Roman Abramovich's closest associates misled a UK court to help secure ownership of Siberian oil fields, leaked documents seen by the BBC suggest.

Eugene Tenenbaum, a former director of Chelsea Football Club, helped to manage the billionaire's wealth at the time of the case in 2008, which Abramovich won.

Tenenbaum was giving evidence during proceedings taken against Abramovich by a company owned by another Russian billionaire, who was claiming the oil fields had been stolen from him and other investors.

The leaked documents now suggest there was a premeditated attempt by Abramovich to reduce the value of the other investors' stake in the Siberian venture.

Roman Abramovich's lawyers say their "client denies all the allegations made against him".

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