UK property investors include Kremlin allies

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

Properties together worth more than £6.7 billion (RM34.3 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.