Abramovich Was Denied Residency In Switzerland

Since I introduced the topic of wealthy Russians Eurointegrating, that is buying passports and residency, let me share what I found on Bloomberg.  

Switzerland’s top court lifted reporting restrictions on the reasons for Roman Abramovich’s failed bid for residency in the Alpine nation, rejecting the Russian billionaire’s claims that disclosure would damage his reputation.

The Supreme Court judges cited concerns raised by Swiss police that Abramovich was “suspected of money laundering” and had “presumed contacts with criminal organizations,”

Furthermore…

These would make his residency in the country “a threat for public safety” and also “a reputational risk for Switzerland,” according to the document. Abramovich, through his lawyer, denies allegations of money laundering and ties to criminal organizations made by the Swiss authorities.

And…

Despite his enormous wealth, Abramovich hasn’t been seen in London since the U.K. government failed to renew his visa in the spring, amid a sharp deterioration in relations between London and Moscow.

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