• About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
Spotted News
  • News
  • Politics
  • Entertainment
  • Opinion
  • Lottery
  • More
    • Gaming
    • Videos
    • Property
    • Business
    • Sport
    • Animals & Wildlife
No Result
View All Result
Spotted News
No Result
View All Result

Home » News » Number of properties held by foreign shell companies revealed

Number of properties held by foreign shell companies revealed

"How many Tory cronies own these properties?," wrote Prem Sikka.

Politics Reporter by Politics Reporter
March 30, 2025
in News, Property
ADVERTISEMENT
Share on FacebookShare on Twitter

The number of properties held by foreign shell companies has been calculated and it is astonishing even after the government claimed to clamp down on it due to the invasion of Ukraine.

The Guardian reports that the true owners of more than 100,000 properties in England and Wales controlled via overseas shell companies are not public, despite the rules that came into force on 31 January, according to the report published by researchers from the London School of Economics and Political Science (LSE), the University of Warwick and the Centre for Public Data.

The report also found that trusts were used to hold property in 63 per cent of those with obscured overseas ownership.

ADVERTISEMENT

Properties held by foreign shell companies

“We still cannot know whether sanctioned individuals, money-launderers or other corrupt individuals may be benefiting from these properties."@Summers_AD @arunadvaniecon @darkgreener

New III report discussed in the @guardian 👇https://t.co/mB4t4Vqz8M

— LSE Inequalities (@LSEInequalities) September 4, 2023

“We still cannot know whether sanctioned individuals, money-launderers or other corrupt individuals may be benefiting from these properties,” the report found, which will leave people astonished.

You might also like

Australian reporter shot with rubber bullet while covering anti-Ice protests in Los Angeles.

Watch: TV reporter shot with rubber bullets at LA protests

June 9, 2025
Musk accused Trump of hiding in the “Epstein files”.

Musk deletes X posts about Trump & Epstein – backed-up reactions

June 9, 2025

Response

This response might chime with you.

Prem Sikka wrote: “Owners of 100,000 properties held by foreign shell companies unknown despite new UK laws. Trusts, lack of transparency/enforcement keeps dirty money flowing. Govt was told the law was flawed, didn’t listen. How many Tory cronies own these properties?”

ADVERTISEMENT

Owners of 100,000 properties held by foreign shell companies unknown despite new UK laws.

Trusts, lack of transparency/enforcement keeps dirty money flowing.

Govt was told the law was flawed, didn't listen.

How many Tory cronies own these properties?https://t.co/lYhaDsRpid

— Prem Sikka (@premnsikka) September 4, 2023

Andy Summers, an associate professor at the LSE, said: “There is no point building a dam halfway across a river. These gaps are threatening the efficacy of the entire register and the government should close them at the earliest opportunity.”

Margaret Hodge tweeted: “New research shows, despite rules introduced last year, we still don’t know who owns over 100,000 properties. This leaves the door open to oligarchs & crooks to continue buying luxury properties to launder their dirty money and even to evade sanctions.

New research shows, despite rules introduced last year, we still don't know who owns over 100,000 properties.

This leaves the door open to oligarchs & crooks to continue buying luxury properties to launder their dirty money and even to evade sanctions.https://t.co/I8BzLBEh4E

— Margaret Hodge (@margarethodge) September 4, 2023

Related: The amount of central London properties paid for with cash is truly staggering

Tags: Shell companies
Politics Reporter

Politics Reporter

Latest Posts

Australian reporter shot with rubber bullet while covering anti-Ice protests in Los Angeles.
News

Watch: TV reporter shot with rubber bullets at LA protests

by Nato Zondagh
June 9, 2025
Musk accused Trump of hiding in the “Epstein files”.
News

Musk deletes X posts about Trump & Epstein – backed-up reactions

by Joe Connor
June 9, 2025
Trump lashes out at journalist—tells him to “get a real job” live on air
News

As LA erupts Trump’s ban on masks has been pulled apart

by Nato Zondagh
June 9, 2025
Forced to watch atrocity videos – how Thunberg’s detainment mirrors Clockwork Orange
News

Forced to watch atrocity videos – how Thunberg’s detainment mirrors Clockwork Orange

by Joe Connor
June 9, 2025
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy

© spottednews.com All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Opinion
  • Entertainment
  • More
    • Gaming
    • Sport
    • Animals & Wildlife
    • Property
    • Business
    • Videos
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us

© spottednews.com All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Opinion
  • Entertainment
  • More
    • Gaming
    • Sport
    • Animals & Wildlife
    • Property
    • Business
    • Videos
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us

© spottednews.com All Rights Reserved.