Property News · March 17, 2018

Russian elite must reveal how they paid for UK property, say MPs


Labour and Lib Dems press for powers to ban potentially corrupt Russian buyers Russian politicians and oligarchs should be forced to disclose their property assets in the UK and face sanctions if they cannot explain where their money has come from, according to senior Labour and Liberal Democrat MPs pressing for a tough response to Sergei Skripal’s poisoning.New estimates reveal that prominent Russian figures with ties to the Putin regime own British properties worth nearly £1.1bn, mostly in London, although the true value is likely to be far greater because buyers can take advantage of offshore secrecy loopholes left open under Theresa May. Continue reading…

Source : theguardian.com
Read more…Russian elite must reveal how they paid for UK property, say MPs

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