Displaying items by tag: corruption crackdown

Friday, 09 February 2018 10:07

Russian oligarchs want to return to Moscow

In the wake of an announcement that the UK is to clamp down on rich foreigners, a number of Russian oligarchs have reportedly asked the Kremlin if they can return to their country without being arrested. British security minister Ben Wallace is said to have sparked fear among some of London's wealthy foreign contingent when he announced tough measures to crack down on criminals and corrupt politicians, resembling those portrayed in the TV series McMafia. The High Court has started issuing unexplained wealth orders (UWO's), in which money of those who were unable to explain how they acquired British assets of more than £50,000 could be frozen. Last March the Organised Crime and Corruption Reporting Project stated 500 wealthy and well-connected Russians were behind a ‘global laundromat' when their banking records were obtained.

Published in British Isles