A BBC investigation has revealed that Roman Abramovich routed $6bn (£4.7bn) in hedge fund investments through companies in the British Virgin Islands (BVI) to avoid UK taxation. However, evidence suggests the investments were actually controlled from the UK, meaning they should have been taxed under British law. The potential tax liability, including penalties and interest, could be as high as £1bn. A significant portion of the untaxed profits made their way to Chelsea FC, with funds moving through Abramovich’s offshore network before being loaned to Camberley International Investments Ltd, the company that financed Chelsea during his ownership. The revelations add further scrutiny to the former owner, whose £2.5bn from the club’s sale remains frozen due to disputes over its use for Ukraine war victims. The scheme was reportedly overseen by Eugene Shvidler, a former Chelsea director and close associate of Abramovich, who is also under UK government sanctions. While Abramovich denies wrongdoing, the revelations have prompted calls from MPs for HM Revenue and Customs (HMRC) to launch an urgent investigation into reclaiming the owed taxes.