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The Story
Dubai Unlocked: The convicts secretly investing millions in the Emirates
May 14, 2024
Exploring the dark world of property ownership in Dubai, revealing convicts and fugitives investing millions. Discussing the allure of Dubai for criminals, the intricate stories of fraudulent individuals, and the challenges of recovering illicit funds. Investigative journalism uncovering financial crimes, the impact on accountability, and the ongoing battle against money laundering in the city.
32:15
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Quick takeaways
- Dubai's lax regulations and lack of due diligence attract criminals to invest millions in properties with illicit funds.
- Efforts by global agencies aim to combat criminal investments in Dubai, yet loopholes in the legal system allow individuals with tainted wealth to continue investing.
Deep dives
Dubai: Attraction for Criminals
Dubai's lax regulations and lack of due diligence make it a hotspot for criminals to invest in properties with illicit funds. The offshore nature of Dubai's property market allows for anonymity and easy investment without questions about the source of funds. The luxury lifestyle and privacy offered attract not only legitimate investors but also convicted criminals, fraudsters, tax cheats, and individuals linked to global political figures.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode