How Russia's war exposed the dark side of luxury London

Following Russia's invasion of Ukraine, and resultant sanctions on President Putin's oligarch elite, a spotlight has been firmly cast on the British capital and its complicity as a store for dirty money. Now, the British government is seeking to salvage its reputation with a clampdown on corruption. But will it be successful? And just how will London fare without its fix of forbidden finance?

#CNBC #Russia #London #Ukraine
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[TomNook.]

That flat overlooking the MoD is insane. Surely the government can make compulsory purchases in the name of national security.

[rashabelgrade]

If you removed all the dirty money from London, then nothing would be left.

[baatile]

Britain referring to anyone’s money as “dirty money” is irony at its best.

[SherryKhan]

Calling it a “dirty money” while protecting it with laws. Amazing

[kashakram]

this doesnt only apply to Russian visa and investments. It has been happening for many years. Arabs own half off London. Pakistani MPs own massive properties in London. Im sure many others from different countries are doing the same.

[kanekiken]

UK talking about "dirty money" ?
The nation which was wholly built on dirty money.
What an irony.

[innovativeglobalfinanceinc]

Never figured out how Russian money before the Ukrainian war was clean money and the very same money became dirty money after the Ukrainian war.😃

[vice.nor.virtue]

As an ex-londoner I can safely tell you that their isn't a single citizens of this city who doesn't hate the obscene wealth of specifically Russian Oligarchs and middle-eastern royalty & oil residing in our city. London property is literally a future-proof investment in case the rugs are pulled out from under them and they need to liquidate assets immediately. No one lives in any of the houses they own; all they are is the physical embodiment of a mountain of dirty cash.

[ekaterinakireeva]

Oh my goodness, when they will become tired of blaming Russia for everything?!

[maaziy_ghaziyIYI]

Britain conveniently always fails to mention the "dirty money" from the Middle East, India, Pakistan and Bangladesh. But this wouldn't be considered as dirty money as this "illicit" wealth is coming from allies, right?! So no harm, no foul.

[tdigital]

Imagine - the corrupt investigating the corrupt… this has got to be a joke. Nothing will change, mark my words

[bboyjhin]

I DONT THINK YOU CAN BLAME RUSSIA.THE UK POLITICIANS ARE TO BLAME FOR LETTING THINGS HAPPEN.

[utubecomment]

If there was an Olympic sport for; *ill-gotten gains, * England would win Gold, Silver and Bronze!

[swaminathangnanasambandam]

90% of wealthiest nations wealthy because of dirty money.
It's not only London, you can see this in dubai, switzerland, even in singapore.
Now many poor countries also following the routes.

[pollutingpenguin]

The public have known this for years, but the media never wanted to cover it as they benefited from the artificially high property prices in London that they invested in themselves.

[kipwonder]

It wasn't clear what made the money of the Russian functionaries "corrupt"??? Simply because it came from Russians??? How self-righteous the British have become. Are we supposed to forget all of the atrocities committed by these blokes???

[rezabehabadi]

During last three hundred years England and most part of western Europe are living with dirty monies but anyway it can't last forever

[umidnazarov]

They pretend like it is only Russian money which is dirty in London.

[kristinamikhailova]

Did i hear correctly?! You're talking about British Capital, that invaded Ireland and tortured Irish people, that capital that colonised Africa and India, had slavery, military alliances with NATO 26 countries that earn money on wars in Middle East, that capital which after each invasion brought the exhibits for their so-called world museums, that country that created the whole industry of historiography with universities to re-write the history of other nations, you're speaking about that capital?! Disgrace!

[utkarshtiwari]

May I ask something, just because Russia and Ukraine are at war(pretty much West is financing it for Ukraine) how Russian money automatically becomes so called 'dirty money'?
Double standards are appalling.