London is the World's Biggest Hub for "Dirty Money" Laundering | Vantage with Palki Sharma

London is the World's Biggest Hub for "Dirty Money" Laundering | Vantage with Palki Sharma

In a startling revelation, UK's deputy foreign secretary Andrew Mitchell has claimed that nearly 40% of the world's black money is being cleaned by London. The black money in question, according to deputy secretary Mitchell, is stolen from developing countries like Africa. This is often done by corrupt politicians, businessmen and warlords-who then use the stolen money to buy properties in some of London's wealthiest districts. Russians are among the leading buyers of luxury property in London. Since 2017, Russians have bought properties worth $500 million in Westminster alone. While rich Russians have been investing their black money in London for decades, they are not the only ones to use the UK city as their safe haven for laundering. Palki Sharma brings you a detailed report on how black money is often converted into "clean" investments in London.

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London | Money Laundering | Westminster | Luxury Property Investments | Warlords | Businessmen | Politicians | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#london #moneylaundering #westminster #luxuryproperties #investments #warlords #businessmen #politicians #corruption #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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