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[AfricaRealities.com] London property boom built on dirty money

 

London property boom built on dirty money
Billions of pounds of corruptly gained money has been laundered by criminals and foreign officials buying upmarket London properties through anonymous offshore front companies – making the city arguably the world capital of money laundering.
Some 36,342 properties in London have been bought through hidden companies in offshore havens and while a majority of those will have been kept secret for legitimate privacy purposes, vast numbers are thought to have been bought anonymously to hide stolen money.
The flow of corrupt cash has driven up average prices with a "widespread ripple effect down the property price chain and beyond London", according to property experts cited in the most comprehensive study ever carried out into the long-suspected money laundering route through central London real estate, by the respected anti-corruption organisation Transparency International.
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The hate of men will pass, and dictators die, and the power they took from the people will return to the people. And so long as men die, liberty will never perish.
I have loved justice and hated iniquity: therefore I die in exile.
The price good men pay for indifference to public affairs is to be ruled by evil men.
When the white man came we had the land and they had the bibles; now they have the land and we have the bibles.
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-“The enemies of Freedom do not argue ; they shout and they shoot.”

-“The hate of men will pass, and dictators die, and the power they took from the people will return to the people. And so long as men die, liberty will never perish.”

-“The price good men pay for indifference to public affairs is to be ruled by evil men.”

-“I have loved justice and hated iniquity: therefore I die in exile.”

IRIN - Great Lakes

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