Sanctioned Russian oligarch Roman Abramovich must be investigated over the £1bn he could owe, a group of MPs has urged HMRC. In a letter to the tax authority, Joe Powell, a Labour MP who leads a Parliamentary group on fair taxation, refers to BBC reports raising questions about whether tax is due on offshore investments.

FORMER Chelsea owner Roman Abramovich has denied allegations he knowingly owes the UK up to £1billion in unpaid tax. The Russian oligarch had been accused of using the money as part of a botched

It meant Abramovich was essentially the yacht owner, the service provider and the customer. He was thereby falsely claiming a tax exemption for companies whose use of vessels is central to their business, such as ferry or boat hire operators.

The scheme to dodge tax on the yachts - and other secrets of the sanctioned oligarch's corporate empire - is laid bare in over 400,000 files and 72,000 emails leaked from a Cypriot corporate service provider, MeritServus.

Roman Abramovich allegedly dodged potentially tens of millions of euros in tax by renting out his superyachts to himself, according to an investigation...