Mystery of the IFSC’s Russian money trail

More than €100 billion has been routed through firms in the IFSC, which include a company linked to a corporate tussle involving oligarch Roman Abramovich

8th July, 2018
Roman Abramovich, owner of Chelsea FC

There are dozens, if not hundreds, of Russian-linked shell companies in the IFSC. As this newspaper reported earlier this year, researchers from Trinity College Dublin have found that well over €100 billion has been routed through these companies, often to parent entities that are tarnished with sanctions, or whose senior managers have extensive links to the Kremlin.

But what happens when you take a closer look at some of the companies? Under the surface, there...

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