“Sadiq Khan’s inquiry into the impact of foreign investment in London’s property market is welcome news and underscores the need for May’s new government to reaffirm its commitment to bring in legislation to tackle the problem.
An area of British land more than three times the size of Greater London is owned by secret companies in offshore jurisdictions. This means we have no way of checking who the owners of those properties are and where their money came from. If new legislation is swiftly enforced and fully resourced, it will really help keep the dirty money out and ensure we’re no longer providing safe havens to the corrupt,” said Chido Dunn of Global Witness./ ENDS
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