BUSINESS
Probes opened on tax havens
By Duncan Mil
April 4, 2016 - The publication of 11.5 million leaked records from Mossack Fonseca reveals that some offshore companies are being used for suspected money laundering, arms and drug deals, and tax evasion.
More than 36,000 high-value London properties are owned by anonymous buyers registered in tax havens. Those properties are estimated to be worth well over £200 billion (€250bn), making the UK’s property market a magnet for the world’s corrupt.