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Revealed: how Roman Abramovich dodged taxes on cost of running his fleet of superyachts

Revealed: how Roman Abramovich dodged taxes on cost of running his fleet of superyachts

Cyprus Confidential files suggest offshore scheme was used to evade tens of millions in VAT on long list of expenses

When it came to his fleet of superyachts, the Russian oligarch Roman Abramovich was nothing if not generous.

As 2011 drew to a close, his biggest boat yet – the 162-metre (533ft) Eclipse – lay moored in the glittering waters of St Barts, the picturesque Caribbean island where billionaires like to gather to see in the new year.

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