• Home
    • Login
  • About Us
  • Latest
  • Register
Calabargistblog
Advertisement
  • Home
    • Login
  • About Us
  • Latest
  • Register
No Result
View All Result
  • Home
    • Login
  • About Us
  • Latest
  • Register
No Result
View All Result
Calabargistblog
No Result
View All Result
Home Latest

UK property investors include Kremlin allies: study

admin by admin
February 7, 2023
in Latest
0
UK property investors include Kremlin allies: study
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

“Londongrad” has long been accused of turning a blind eye to suspect Russian cash.
Photo: Justin TALLIS / AFP
Source: AFP

Almost 52,000 UK properties are owned by anonymous investors, including some “close to the Kremlin”, a report said Tuesday despite laws seeking to stop dirty Russian cash after Moscow’s invasion of Ukraine.

Properties together worth more than £6.7 billion ($8.1 billion) — particularly luxury London real estate — have been purchased “with suspect funds” via “secretive offshore companies”, anti-corruption campaigners Transparency International UK said in a report.

More than a fifth, or £1.5 billion, was ploughed into property with “suspect funds from Russia, including those subject to sanctions and close to the Kremlin”, it added.

The report comes after Britain launched a legal crackdown last year on Russian money coming from shell companies, tax havens and opaque ownership structures.

That was part of broader economic sanctions after Moscow launched its assault on neighbouring Ukraine almost one year ago.

The government in August launched a new “Register of Overseas Entities”, requiring foreign companies to declare the ultimate beneficiary of any property they hold in the UK.

But campaigners say the register remains open to abuse.

More than 18,000 offshore companies together hold almost 52,000 properties in England and Wales, the Transparency International report said.

Those companies “have either ignored the law altogether or submitted information which makes it impossible for the public to find out who owns them”, it continued.

“This includes firms reportedly owned by kleptocrats, oligarchs and individuals subject to sanctions.”

The campaign organisation added that Britain remained a “hub” for illicit cash — and urged more government action.

“Transparency over who really owns property here is vital to addressing Britain’s role as a global hub for dirty money,” said Duncan Hames, the group’s policy director.

“Our analysis reveals there are far too many companies that could be trying to skirt the rules, not knowing they exist, or ignoring them altogether.

“Without action from parliament to close loopholes in the law and active enforcement … this promising reform will fall short of its aim in providing fewer places for corrupt wealth to hide.”

Source: AFP

Post Views: 69
Previous Post

May D – “Somebody” ft. 9ice (Song)

Next Post

(Song) ILLbliss x Idahams – Abena

admin

admin

Next Post
(Song) ILLbliss x Idahams – Abena

(Song) ILLbliss x Idahams - Abena

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BREAKING: Ex-Northern Governor, Supporters Officially Dump APC

BREAKING: Ex-Northern Governor, Supporters Officially Dump APC

January 24, 2023
Unical Student allowed to die in campus clinic because of 200 medical card

Unical Student allowed to die in campus clinic because of 200 medical card

January 28, 2023
Wike Endorsed Tinubu? Rivers Governor Approves Stadium for APC Presidential Rally Free of Charge

Wike Endorsed Tinubu? Rivers Governor Approves Stadium for APC Presidential Rally Free of Charge

February 9, 2023
Just In: After Losing Senatorial Election, Popular PDP Gov Orders Mass Promotion of Civil Servants

Just In: After Losing Senatorial Election, Popular PDP Gov Orders Mass Promotion of Civil Servants

March 9, 2023
Alex Ekubo in yet another relationship drama

Alex Ekubo in yet another relationship drama

0
Moment Gov Ayade Removes His Eyeglasses After Seeing Naked Women With Dangling Bo*bs Perform Cultural Dance

Moment Gov Ayade Removes His Eyeglasses After Seeing Naked Women With Dangling Bo*bs Perform Cultural Dance

0
See How Alex Ekubo forced His Fiancee` to Have Sex with other Men.

See How Alex Ekubo forced His Fiancee` to Have Sex with other Men.

0
calabargistblog.com.ng Weekly Price Check: Lagos Trader Reacts as Bag of Egusi Sells for N220,000 in Popular Market

calabargistblog.com.ng Weekly Price Check: Lagos Trader Reacts as Bag of Egusi Sells for N220,000 in Popular Market

0
2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

March 26, 2023
Unpaid ₦30k sparked my 17-year feud with Basketmouth

Unpaid ₦30k sparked my 17-year feud with Basketmouth

March 25, 2023
HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

March 25, 2023
INEC Reacts to Viral Video of Property Attacked by Youths Allegedly Owned by Prof Yakubu

INEC Reacts to Viral Video of Property Attacked by Youths Allegedly Owned by Prof Yakubu

March 25, 2023

Recent News

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

March 26, 2023
Unpaid ₦30k sparked my 17-year feud with Basketmouth

Unpaid ₦30k sparked my 17-year feud with Basketmouth

March 25, 2023
HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

March 25, 2023
INEC Reacts to Viral Video of Property Attacked by Youths Allegedly Owned by Prof Yakubu

INEC Reacts to Viral Video of Property Attacked by Youths Allegedly Owned by Prof Yakubu

March 25, 2023

Navigation

  • Home
  • About Us
  • Register
  • Login
  • Tech
  • Entertainment
  • Lifestyle
  • Review
Calabargistblog

We are your premium lifestyle blog for everything Calabar and the South-South region of the Country.

Follow Us

Recent News

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

March 26, 2023
Unpaid ₦30k sparked my 17-year feud with Basketmouth

Unpaid ₦30k sparked my 17-year feud with Basketmouth

March 25, 2023
  • Home
  • About Us
  • Latest
  • Register

© 2022 Calabargistblog | Designed with ❤️ By Fortmich

No Result
View All Result
  • Home
    • Login
  • About Us
  • Latest
  • Register

© 2022 Calabargistblog | Designed with ❤️ By Fortmich

Loading