The case revolves around Blue Ocean Yacht Management Ltd, a company tied to Abramovich and registered in Limassol. Roman Abramovich, the Russian billionaire and former Chelsea FC owner, is now at the center of a major tax investigation in Cyprus, where authorities are seeking to recover €25 million in unpaid taxes linked to allegedly fictitious charters of luxury yachts. The case revolves around Blue Ocean Yacht Management Ltd, a company tied to Abramovich and registered in Limassol. It was struck off the Cypriot Companies Registry in July 2024 due to significant outstanding debts to the state. However, following a recent court order, the company was reinstated - not to resume operations, but to allow prosecutors to initiate criminal proceedings against its former directors, who are believed to have orchestrated the tax avoidance scheme. Although back on the registry, Blue Ocean remains non-compliant, having failed to appoint a new...