Billionaire Watch

Russian Billionaire Ramon Abramovich Barred From UK Over Link To Putin Government

For reportedly having links with the Russian government, Russian billionaire and owner of Chelsea football club, Roman Abramovich has been banned from living in Britain.

This is coming, following the latest crisis between the Ukrainian and Russian governments.

Investors King had earlier reported that Russian troops launched a wide-range war on Ukraine on Thursday. This development has prompted the Ukrainian government to declare a state of emergency and Martial law on the entire territory of Ukraine except for the Donetsk and Luhansk regions, which is expected to take effect from midnight of February 23, 2022, for a period of 30 days.

In a report by The Sun UK, senior security sources revealed that Abramovich, who owns a £125million mansion near Kensington is unlikely to ever be allowed to live in Britain again, as immigration officials have been instructed on this.

He was alleged to have business connections to Russian President Vladimir Putin, even though he denied the allegation.

In a security memo on the floor of the House of Commons on Thursday, UK’s Labour MP, Chris Bryant revealed that the Russian billionaire is linked to “corrupt activity and practices”, adding that his ownership of Chelsea should be questioned.

He said: “As part of HMGs Russia strategy, aimed at targeting illicit finance and malign activity, Abramovich remains of interest to HMG due to his links to the Russian state and his public association with corrupt activity and practices.

“An example of this is Abramovich admitting in court proceedings that he paid for political influence.

“Therefore HMG is focused on ensuring individuals linked to illicit finance and malign activity are unable to base themselves in the UK and will use the relevant tools at its disposal – including immigration powers – to prevent this.”

In a report by NationalWorld, Abramovich’s relationship with Putin was established prior to the latter’s ascension to the role of President. Abramovich reportedly had “privileged access” to the leader, as well as “very good relations”.

The report further noted that this is not the first time that Abramovich’s association with Putin and his role at Stamford Bridge has caused controversies. According to earlier reports, claims that Abramovich bought Chelsea on the orders of Putin led to the former receiving an apology from publisher Harper Collins after they were initially outlined in a book entitled “Putin’s People”.

According to Forbes, Abramovich owns stakes in steel giant Evraz, Norilsk Nickel and the U.K.’s Chelsea soccer team. He also owns the world’s second-largest yacht, 533-foot Eclipse, bought for nearly $400 million in 2010.

Investors King Contributor

Share
Published by
Investors King Contributor

Recent Posts

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

3 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

3 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

3 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

4 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

4 days ago

Over N60.5bn Alleged Fraud: More Trouble For Impeached Lagos Speaker Over Imminent Arrest By EFCC

Stakeholders and political gladiators in Lagos State have called on the Economic and Financial Crimes…

4 days ago