A summit on corruption was held on Thursday in London. For decades Britain and the west have asked poor countries and failed states to address problems with dodgy money (money invested in western banks, stores, estate agents, and offshore). The president of Nigeria, Muhammadu Buhari, came to London to lobby for help regarding tax havens in Nigeria. Buhari sent a letter to England saying, ‘We are embarked on a nationwide anti-corruption campaign. But these efforts are sadly undermined if countries such as your own are welcoming our corrupt to hide their ill-gotten gains in your luxury homes, department stores, car dealerships, private schools and anywhere else that will accept their cash with no questions asked. The role of London’s property market as vessels to conceal stolen wealth has been exposed in court documents, reports, documentaries and more.’ One third of all the trillions hiding offshore are in tax havens linked to the UK, according to Oxfam.
Corruption in UK and elsewhere
Written by David Fletcher 13 May 2016Additional Info
- Pray: for God, in His mercy, to regulate governments, city brokers, accountants, lawyers, bankers, etc. (Mt.6:10b)
- More: www.theguardian.com/commentisfree/2016/may/10/the-guardian-view-on-corruption-david-cameron-should-look-closer-to-home