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Investigation: Who really owns £250m of Britain's best real estate?
Aug 31, 2023
Discover the shocking truth behind the ownership of prime real estate in London. The investigation reveals £250m of UK property owned by children of autocratic rulers via offshore companies. The podcast uncovers the identities of the owners of properties in Park Lane, London. It delves into concerns about Azerbaijan's government and its crackdown on critics. The lack of transparency in property ownership is also discussed, including London properties owned by Isabel dos Santos. The podcast explores the reasons behind foreign ownership of real estate in London and the role of enablers in facilitating such investments.
26:51
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Quick takeaways
- £250m of UK property is owned by the children of autocratic rulers and their allies through offshore companies, raising ethical concerns about wealth inequality and ownership by individuals connected to oppressive regimes.
- The lack of transparency and privacy in property ownership, particularly through offshore structures, allows for corruption and money laundering, but the new register for overseas entities owning UK property has brought greater transparency and revealed the true owners of London properties previously shrouded in mystery.
Deep dives
Ownership of UK Property by Foreign Politicians and Leaders' Families
A new investigation reveals that £200 billion of UK property is owned by the children of autocratic rulers and their allies. These properties have been bought through offshore companies, making it difficult to determine the actual owners until now. The investigation, conducted by journalists at The Times, utilized new data and revealed that properties in London are owned by the daughters of the president of Azerbaijan and the daughter of the former president of Kazakhstan. The report raises ethical concerns about individuals closely linked to oppressive regimes owning luxury properties, especially when poverty exists in their countries.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode