Switzerland refused to grant Abramovich residence permit because of “threat to public security”
The oligarch has filed the application twice.
Switzerland did not issue a residence permit for Russian businessman Roman Abramovich from considerations of country’s public security, the local newspaper Tages Anzeiger reported.
The publication specifies that the authorities considered that the entrepreneur can pose a threat to society, and also become a source of reputational risks. In particular, during a check conducted by law enforcers, it turned out that Abramovich received part of his assets illegally, and his name is infamous due to investigations in money laundering and links with criminal groups.
In 2016, the businessman applied for a residence permit in the canton of Valais and wanted to establish a tax residence in a ski resort in the Alps. Later, he withdrew this application but the following year applied with a similar request and was refused.
The reasons for Abramovich's refusal became known due to the fact that the businessman lost the trial against the publishing holding Tamedia, which includes Tages Anzeiger, in which he intended to ban the disclosure of details of his residence permit application.