Pandora Papers: The Secret Owners of UK Property Worth Billions

The secret owners of more than 1,500 UK properties bought using offshore firms have been uncovered by a BBC investigation.

The details are featured in the Pandora Papers leak of offshore financial documents and list property with an estimated value in excess of £4bn.

The owners include high-profile foreign politicians, individuals accused of corruption and UK political donors.

Ministers say they will bring in a new law when they have parliamentary time.

Successive Conservative governments have pledged to introduce legislation making it compulsory to name those owning property via foreign companies in a bid to stamp out money-laundering.

Among the revelations:
 

• The wife of retail magnate Sir Philip Green went on a buying spree of London property while the couple's recently sold High Street empire teetered on the verge of collapse

• The Qatari ruling family purchased two of London's most expensive homes through offshore companies, saving millions of pounds in tax

• Ukrainian billionaire Gennadiy Bogolyubov, who is under investigation by the FBI and had hundreds of millions in assets frozen in a fraud case, owns more than £400m of UK property

• A £40m London office block is owned by the son of sanctioned Russian oligarch Mikhail Gutseriev

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Source: BBC