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The boats were leased and managed by Blue Ocean Yacht Management, a Cyprus-based company controlled by Abramovich. This firm then rented them out to “customers”. Leaked files from Cyprus show ...
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Documents show how the five yachts were leased to a company in Cyprus called Blue Ocean Yacht Management, which chartered them on to a handful of companies in the British Virgin Islands that ...
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Each of the BVI companies then leased the boats out to a company based in Cyprus called Blue Ocean Yacht Management. These agreements were long-term and cost Blue Ocean millions of dollars per year.