Isle of Man linked to corrupt Russian billions

Friday, 28 January 2022 14:29

By Jason Roberts @ChpsChsGrvy

A UK anti-corruption organisation says the Isle of Man is linked to billions of pounds of dirty money from Russia.

Transparency International UK released figures showing around £1.5 billion in London land titles belong to corrupt Russians or with those links to Vladimir Putin's regime.

Its report says around £1 billion of those titles are held by offshore companies in crown dependencies and overseas territories.

And it adds court cases, leaked documents and journalistic investigations show a large number of those are held in the Isle of Man.

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