Inquiry follows report by Guardian and partners that aides of Russian oligarch appeared to have falsified paperwork mapping his businesses

Police in Cyprus have opened an investigation into the financial and tax affairs of the former Chelsea FC owner Roman Abramovich following a report by the Guardian and media partners.

In a committee hearing in the Cypriot parliament, a senior official in the island’s police said they were looking into events between 2003 and 2006, with the investigation likely to last several months.

Accountancy firm Deloitte Cyprus among those that appear to have backdated records outlining the Russian billionaire’s assets

Aides of Roman Abramovich – including staff at the global accountancy firm Deloitte – falsified paperwork mapping the oligarch’s sprawling offshore business empire, records suggest, helping his businesses dodge tax and disguise assets.

New analysis of leaked corporate records uncovers what appears to have been a long-running and carefully orchestrated strategy of backdating documents.

Wood Group’s ‘desire to maintain previously stated financial results’ influenced inaccurate reporting, says regulator

John Wood Group has been fined nearly £13m for repeatedly publishing inaccurate financial results.

The FTSE-listed oil and has engineering company, which is soon to be bought by a Dubai-based rival, has previously admitted that “cultural failings” led to information being kept from auditors.

HMRC figures show 11% rise in young million-pound earners, with influencers and tech pay cited as key

Their generation is often derided for being work-shy, self-centred and overly sensitive. But when it comes to making money, people under 30 are proving they are something else entirely: successful.

A record 1,000 taxpayers under 30 earned more than £1m last year, an 11% increase on the year before, HMRC records show.

Practice where companies are liquidated and reacquired, free of debts, thought to cost taxpayers about £800m a year

Insolvent recruitment businesses shorn of their debts then reacquired from administration by the directors or shareholders that presided over their demise are costing the exchequer tens of millions of pounds in lost taxes, a Guardian analysis suggests.

The practice of “phoenixism” – the art of liquidating a company and allowing the directors to rise from the ashes with a new entity, free of debts – is estimated by HM Revenue and Customs (HMRC) to have cost taxpayers about £800m a year.