An investigation has uncovered the dirty dealings of Roman Abramovich that made him so much fortune. A report states that the Chelsea owner made so much fortune after acquiring an oil company from the Russian government in a rigged auction in 1995.

It was said that the Chelsea owner had paid (£190m) for Sibneft, before later selling it back to the Russian government for an amount of $13bn in 2005.

The lawyer of Roman Abramovich stated there was no need for alleging any criminality.  It is glaring enough however from the investigation that the Chelsea owner acquired his wealth through criminality.

What would be the fate of Roman Abramovich?

Roman Abramovich was sanctioned by the UK government after discovering there was a link between him and the Russian President Vladimir Putin. His assets were therefore frozen and he was removed from being a Chelsea director.

The Russian billionaire was equally sued in London by his former business associate Boris Berezovsky in 2012. Romain Abramovich however won the case and was said to have given Mr. Berezovsky a sum of $10m to pay off a Kremlin official.

However, the Russian billionaire has acknowledged the fact that he got involved in dirty dealings to get the Sibneft deal off the ground. The report states that the Russian government was cheated out of $2.7bn in the Sibneft deal claimed to have been supported by 1997 Russian parliamentary investigations. It was noted that the Russian authorities had plans to charge Roman Abramovich for fraud.

“The Department of Economic Crimes investigators came to the conclusion that if Abramovich could be brought to trial he would have faced accusations of fraud … by an organized criminal group.”

In regards to the new development Yuri Skuratov, stated, “Basically, it was a fraudulent scheme, where those who took part in the privatization formed one criminal group that allowed Abramovich and Berezovsky to trick the government and not pay the money that this company was really worth.”

It is worthy of note that the former Russian President Boris Yeltsin was covering up for Roman Abramovich. The criminal files on the Russian billionaire when taken to the Kremlin were swept under the carpet by the Russian president Boris Yeltsin.

Skuratov noted, “This whole thing was political because in my investigations I came very close to the family of Boris Yeltsin, including via this investigation of the Sibneft privatization.”