UKRAINE CRIME GANG HID PROCEEDS IN LUXURY LONDON FLATS

On 23rd April, a BBC TV Panorama programme following up the “Paradise Papers” reported that a Ukrainian crime gang used offshore firms in British tax havens to secretly invest millions of pounds in the UK.  The gangsters, and in some cases family members, bought luxurious property in prime London locations, including a £12.5 million flat.  The daughter of a man dubbed the “Don of Odessa” is the registered owner of 3 homes in one expensive block.  The gang were from the Black Sea port of Odessa and made money in the oil industry.  They came on to the police’s radar in the late 1990s when they were suspected of drugs and arms smuggling. In the chaos following the collapse of the Soviet Union the gang branched out into Europe, using Italy as a base.

http://www.bbc.co.uk/news/uk-43823962

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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