The UK has become the ‘destination of choice’ for Russians looking to stash dirty money in property, MPs have warned.
At least 150 properties in the UK, worth £1.5bn, are owned by Russian businesspeople and officials who have been accused of corruption or having links to the Kremlin, according to Transparency International.
“Russians don’t come here for the weather, but instead for our lax regulation, pathetic law enforcement and a property market that is ripe for abuse. Something has got to change,” Labour MP Margaret Hodge, chair of the All-Party Parliamentary Group on Anti-Corruption, told openDemocracy.
