A massive leak of documents has exposed how accounting giant PwC’s Cyprus arm scrambled to help Russian oligarchs facing the threat of sanctions in March last year, moving assets out of their names in the first days of the Ukraine invasion.
The leaks show frantic email exchanges marked “URGENT” and “PLEASE APPROVE” as PwC Cyprus partners authorised transfers of shares and funds, in one case even before the price of the transaction had been decided.
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Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
