Abramovich Alleges ‘Conspiracy’ in Jersey Government Dispute
St Helier, Jersey – Roman Abramovich has claimed a “conspiracy” exists within the Jersey government to damage his reputation, as part of a legal battle over the transfer of assets worth an estimated £3.4 billion. the allegations, made in recently filed court documents, center around the island’s handling of trusts linked to the Russian-Israeli billionaire, who has been subject to sanctions following Russia’s invasion of ukraine.
The dispute, unfolding in Jersey’s royal Court, concerns the freezing of assets held by Abramovich through a complex network of trusts. Abramovich asserts the Jersey authorities acted unlawfully adn with bias, motivated by political pressure and a desire to align with international sanctions regimes. He contends the government failed to adequately protect his legal rights and deliberately misrepresented information to justify the asset freezes, impacting his ability to manage his family’s financial affairs.
According to court filings, Abramovich alleges a coordinated effort involving key figures within Jersey’s government and regulatory bodies. He claims this effort was designed to portray him negatively and justify the seizure of assets, despite a lack of conclusive evidence linking him directly to the financing of the war in ukraine. The documents detail accusations of procedural irregularities and a failure to provide Abramovich with a fair hearing.
jersey’s government has strongly denied the allegations, stating its actions were taken in accordance with the law and in response to legitimate concerns regarding sanctioned individuals. A spokesperson for the Jersey Financial Services Commission (JFSC) said the island is committed to upholding its international obligations and maintaining its reputation as a well-regulated financial center.
The case is expected to draw significant attention, potentially impacting Jersey’s standing as a leading offshore financial jurisdiction. The outcome could also set a precedent for how international sanctions are implemented and enforced in similar territories. A hearing is scheduled for next month, were Abramovich’s legal team will present further evidence to support their claims of conspiracy and unlawful asset seizure.
