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.

More from Isle of Man News

Fuel price hit may last into winter, says government

The Chief Minister says the government must prepare for the winter when it comes to rising oil prices over the war in the Middle East.
Further temporary speed limits on TT course

There'll be more temporary speed limits and traffic lights on the TT course this week.
Western homes to be without water tomorrow

Homes in Peel may be without water during work tomorrow.
Co-Op ordered to hand over evidence in blind worker's tribunal

Manx Co-operative has been ordered to hand over documents, messages and CCTV footage to a woman who's claiming she was unfairly dismissed and suffered disability discrimination.
Who'll be getting meningitis vaccines?

An MHK has asked the Island's Cabinet Office Minister about meningitis vaccines.
New atlas shows dramatic fall in Island birth rate

Births on the Island have fallen by nearly 45 percent in 15 years.
Autocar lavishes praise on Island's roads

The Island's roads have been praised by a major motoring magazine as some of the best to drive in the British Isles.
Super Unleaded hits almost 165p a litre

A fuel company's revealed the scale of price rises motorists will be facing today.