How Putin’s Oligarchs Bought London

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A new book suggests that London has been acting as a no-questions-asked service provider to the crooked élite, offering access to capital markets and illustrious private schools, along with accountants for tax tricks and attorneys for legal squabbles.

And a terrifying one. Abramovich’s suit named Belton personally, meaning that her own home and savings would be at stake. The case was projected to cost ten million pounds if it went to trial, and under English law those who lose a suit can be ordered to pay their adversary’s legal costs. That’s part of why the rich like to take detractors to court in London. Libel tourism is another chronic English problem that everyone bemoans but nobody does anything about.

Haslam, in his letter to Dawisha, had objected that “Putin has never been convicted” for the crimes described in the book. But, by making it perilous to publish allegations, however well documented, that haven’t yet resulted in a criminal conviction, the legal system can grant well-financed malefactors a free pass from scrutiny. According to an investigation by BuzzFeed News, U.S.

In December, the case was settled. Belton and HarperCollins agreed to some changes and clarifications in future editions; the book would be amended to contain a more strenuous denial on the Chelsea claim, and to emphasize that the allegations relating to the team could not be characterized as incontrovertible facts. They also agreed to cut the line about Abramovich being “Putin’s representative,” and to include additional comments from his spokesperson.

But, given the bloodshed in Ukraine, and the international community’s surprising resolve to isolate the Kremlin economically, couldn’t things be different this time? One great irony of the story that Bullough relates in “Butler to the World” is that, after decades of obliging the global criminal élite, Britain now has a singular opportunity to turn the tables.

Source: Financial Digest (financialdigest.net)

 

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You know your on the right path when things aren’t easy

this is such a great example of a deeply factual and important article that is so well written - clever, engaging, yet scholarly

Dirty money is everywhere. There's money. There's crime. That's life.

And parts of Manhattan

Same as here. The republicans especially. SenateGOP HouseGOP RNCResearch GOPLeader LeaderMcConnell

England is a land of stolen money, dirty money, blood money. Well known, what’s new?

Most of it is dirty to put it mildly from anywhere anywhere

And our government of crooks. Not that you rough colonials 😉 are models of virtue. We need vested interests out of government globally, replaced with genuine 'govt of the people, for the people BY the people'. And = Instead of asking why didn't good Germans stop Hitler we

Preceded by the Saudi's in the 70's.

The old story of pay no taxes till death continues

Russian oligarchs own several passports and depending on convenience, use them to travel and avoid sanctions. Case in point, Abramovich travelled on his Portuguese passport to secretly meet Biden in Poland. They should be stripped of EU passports and keep their Russian only.

This is amazing article “Do Stay for Tea” is a must read! Will be reading to see if all this affects the British economy!

RohdeD I disagree with you 100%. It was no mistake for Biden to call for Putin's removal. We don't need commentators like you making comments like this. Putin made an arbitrary decisions to use the threat of nuclear war. We can't allow him to continue to use it to destroy countries?

Bottom line, oligarchs use laws passed by British for the wealthy British, Russian came and used it. Look no further than the 2016 US elections and how our vague laws were used. Laws are products of lobbyists for the wealthy who lack the financial incentives to act morally.

The kleptocracy tours being run in London should branch out to New York and Miami.

RohdeD Now do the US economy - foreign money laundered through banking, real estate, political campaigns, university and philanthropic gifts, media, professional sports, gaming, crypto, art, stop the steal racist white supremicist trucking anti-vaxxer school board screamers, etc.

Nearly all super yachts are flagged in BVI

In NL is was revealed today that more than 80 bn € of Russian money is sloshing around the (small) country. 200M are blocked under boycot laws, and 40 bn have been invested in stocks which are hard to trace.

대통령도 공무원인듯 공무원의 과실따짐-금전 국방이 한국형인듯 국정문란과 거의 같은비중이 될듯 지침은 낡은 수준의 버젼과 일파들의 과도한 돈챙기기 사업등 예 탈원전-문재인 자원외교-이명박인듯 올바르게 평가가 못되는 날라리과학인듯-한국형 한국은 발통가격은 꼭내세요-떳떳하지 못한부류들

The problem is that if (we won’t lmao) we went looking for Russian money we’d find it’s all mixed in with the other crooked money that London is awash with.

Similar problems here…would guess worldwide. When you embrace profit & money as an excuse for setting aside ethics, you will get entangled. I imagine it is worse in the US bc of 🤑money worship, like how “liberal” Pelosi didn’t blink to defend insider trading, or legal bribes.

It can

London is everyone’s London, except for the Brits. Maybe someone should do a bit of prodding over how much of London is owned by Qatar.

MOFA_Tajikistan TajikCulture UnicefTajik IndEmbDushanbe UKinTajikistan tajik_gov TajikistanEmbUK

There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about JulieCrypto__ it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.

I would suggest that EU buying Russian gas makes any Oligrach cash look like peanuts. The EU sat on their hands as Putin invaded while using Russian gas, if the UK had not armed Ukraine the EU would have just tutted and carried on papering over their cracks.

If the UK is so compromised, why is that since Brexit, UK has trained over 20,000 UKR troops , send weaponry inc anti tank missiles in 1000s whilst EU effectively funds the RUS war by buying 40% of its gas/oil from them?

Meanwhile Germany continues to buy a f'ton of Russian gas and half of continental Europe sells arms to Russia

Good article!

the EU funds the Russian war effort you ridiculous excuse of a rag

Learn the difference between England and the United Kingdom! You’re welcome.

Boris Johnson is Prime Minister of United Kingdom not just England. Basic facts would help your credibility 💩

1. You mean the UK, not 'England' 2. We already have isolated and sanctioned Putin's Russia, far more than lots of other countries 3. Any dodgy money in America?

Joe son 😄

It’s called “lip service”.

Russian money created Brexit.

Is Rupert Murdoch an oligarch? Admittedly he isn’t Russian, but he seems to have been corrupted by money and his employees have been toeing the Russian state media line.

'We have also frozen £258 billion in Russian bank assets - more than any other country'

praddenkeefe And, South Africa

praddenkeefe

wow - new book old story

Now do US...

Why does this come as any surprise? This would fit as a $100 answer in the “Obvious” category in a game of Jeopardy.

NATOSource And Borus is defending them and is great full for their financial support of the Tory party

Robert Maxwell father of Ghislaine hid $$$ and abused the British government tax loopholes and abused the libel system

True elsewhere but London an important epicentre.

There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about JulieCrypto__ it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.

I watched a documentary today on bbcselect that focuses on how the US and London are letting the ultra rich take over.

'Putin’s “enablers” live and work among us. They include bankers, lawyers, accountants, fixers and political bigwigs... Their work feeds Putin’s war machine. It is drenched in blood.' ExpelOligarchs ExpelPutinsEnablers

doesn't the US do the exact same thing?

😂

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