Roman Abramovich, owner of major Canada-based steel company, had Swiss residency blocked over crime link suspicions

Roman Abramovich, the major shareholder of steel giant Evraz North America, a was blocked from obtaining Swiss residency over suspicions he was involved in money laundering and in contact with criminal organizations, according to allegations made public for the first time in recent days.

The Russian billionaire, who also owns Britain’s Chelsea Football Club, denied the allegations, describing them as “entirely false” in a statement issued by his Swiss lawyers.

Evraz North America,...

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