Abramovich tried to sell Algarve property 2 weeks before invasion

The house, which had been valued at ten million euros, was allegedly owned by the Russian oligarch, who tried to sell it two weeks before Russia's invasion of Ukraine.

By TPN, in Portugal, News · 14 May 2022, 18:06 · 4 Comments

According to a report published in Público, Roman Abramovich tried to sell a house in the Algarve valued at ten million euros to an Irish citizen, who then asked Caixa Geral de Depósitos (CGD) for a loan of five million euros to acquire the property.

According to the newspaper, the Portuguese bank itself issued an alert to the Financial Information Unit (UIF) of the Judiciary Police (PJ), since the entity selling the house was Millhouse Views LLC, a company owned by Millhouse LLC – an investment holding owned by the Russian oligarch and listed on the stock exchange.

More in Portugal

The Magic of Camino de Santiago

In Portugal, Lifestyle - 09 Nov 2024, 10:01

How are British Expats in Portugal affected by the UK Budget?

In Portugal, Business, United Kingdom - 08 Nov 2024, 12:01

Choose your battles wisely

In Portugal, North America - 29 Oct 2024, 18:01

Comments

Who in Portugal decided it was in the national interest to give this Putin's crony citizenship?
They need to stand up and be counted.

By James from Algarve on 15 May 2022, 05:44

Certainly he is not the only one, although it seems he is. More property should be frozen to give new life to Ukraine, solely.

By Diogo F. from Madeira on 15 May 2022, 19:32

It's called the Algarve Shimscam Dance...When you are broke, you welcome all kinds of folks...

By Sakamoto Saurez from Lisbon on 16 May 2022, 08:26

Dear James of Algarve, I usually read your message with a sinking of my heart because they are so negative BUT here I totally agree with you, shame on the Jewish organisation that pressured the authorities to have Abramowitz accepted fast & shame on the authorities for submitting.

By Jeni from Other on 18 May 2022, 09:58