Chelsea FC director accused of hiding Abramovich’s cash

A CHELSEA Football Club director sanctioned over his links to Roman Abramovich is reportedly facing investigations for allegedly helping the oligarch hide cash.

It came to light last week that Jersey had frozen £5.5billion of Mr Abramovich’s assets after suspecting he had moved money there to evade sanctions.

Now, according to a report in The Wall Street Journal, Channel Islands authorities are investigating a transaction involving Eugene Tenenbaum, a Chelsea board member.

Mr Tenenbaum, a Canadian accountant, was sanctioned by the UK soon after Mr Abramovich’s asset freeze in Jersey last month. He denies holding assets owned by Mr Abramovich, who was sanctioned because it is claimed he benefited from links to Vladimir Putin.