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Balu
02-04-2018, 07:34 AM
Britain seizing assets of 'corrupt' Russian oligarchs

The British government has warned that Russian oligarchs suspected of corruption will be forced to explain their wealth in Britain. Saturday's announcement came after several of these controversial Russian entrepreneurs were also mentioned on a U.S. government list for possible financial sanctions.
By Stefan Bos
The Times newspaper quotes Britain's security minister as saying that the government will use powers to freeze and recover property if Russian individuals cannot explain how they acquired assets of over $70,000.
Minister Ben Wallace adds: "When we get to you, we will come for you, for your assets, and we will make the environment that you live in difficult."
He says that under new orders officials could seize suspicious assets until those under investigation can adequately account for their acquisitions.
Officials estimate that around $127 billion of illegal funds are laundered through Britain every year. In 2017, British media reported on an alleged Russian-led money-laundering scheme, in which over $22 billion passed through Moldova using Russian shell companies and fictitious loans from offshore firms based in Britain.
More troubles ahead

These aren't the only difficulties faces by Russian oligarchs, many of whom have large villas and other properties in London: This week the United States released an extensive list of prominent Russian business and political figures to punish Russia for alleged election meddling.
The U.S. Treasury report lists every senior member of the political administration at the Kremlin and every Russian oligarch with a net worth of $1 billion or more.
British-American investor Bill Browder believes that these developments have added to fear among Russian oligarchs implicated in financial wrongdoing. "Now there is a list of 96 Russian oligarchs and I can promise that when things get worse with Russia which they will get, there will be calls from Congress to sanction people on this list," he notes.
"And I can also guarantee you that anybody that is on this list right now is in a state of absolute fear about what it is going to mean going forward for their businesses in the future," Browder says.
His company was at one time the largest foreign portfolio investor in Russia, but Browder claimes he was refused entry to Russia after exposing corruption. Lawyer Sergei Magnitsky, who had represented Browder and conducted an investigation into massive tax fraud, died in a Russian prison in 2009.
Russian oligarchs emerged during the wild last years of the Soviet Union. The term oligarch derives from Greek, and translates approximately as "rule by the few".

http://www.vaticannews.va/en/world/news/2018-02/russia-oligarchs-united-kingdom-corruption-accountability.html

Drummond
02-04-2018, 07:03 PM
Britain seizing assets of 'corrupt' Russian oligarchs

The British government has warned that Russian oligarchs suspected of corruption will be forced to explain their wealth in Britain. Saturday's announcement came after several of these controversial Russian entrepreneurs were also mentioned on a U.S. government list for possible financial sanctions.
By Stefan Bos
The Times newspaper quotes Britain's security minister as saying that the government will use powers to freeze and recover property if Russian individuals cannot explain how they acquired assets of over $70,000.
Minister Ben Wallace adds: "When we get to you, we will come for you, for your assets, and we will make the environment that you live in difficult."
He says that under new orders officials could seize suspicious assets until those under investigation can adequately account for their acquisitions.
Officials estimate that around $127 billion of illegal funds are laundered through Britain every year. In 2017, British media reported on an alleged Russian-led money-laundering scheme, in which over $22 billion passed through Moldova using Russian shell companies and fictitious loans from offshore firms based in Britain.
More troubles ahead

These aren't the only difficulties faces by Russian oligarchs, many of whom have large villas and other properties in London: This week the United States released an extensive list of prominent Russian business and political figures to punish Russia for alleged election meddling.
The U.S. Treasury report lists every senior member of the political administration at the Kremlin and every Russian oligarch with a net worth of $1 billion or more.
British-American investor Bill Browder believes that these developments have added to fear among Russian oligarchs implicated in financial wrongdoing. "Now there is a list of 96 Russian oligarchs and I can promise that when things get worse with Russia which they will get, there will be calls from Congress to sanction people on this list," he notes.
"And I can also guarantee you that anybody that is on this list right now is in a state of absolute fear about what it is going to mean going forward for their businesses in the future," Browder says.
His company was at one time the largest foreign portfolio investor in Russia, but Browder claimes he was refused entry to Russia after exposing corruption. Lawyer Sergei Magnitsky, who had represented Browder and conducted an investigation into massive tax fraud, died in a Russian prison in 2009.
Russian oligarchs emerged during the wild last years of the Soviet Union. The term oligarch derives from Greek, and translates approximately as "rule by the few".

http://www.vaticannews.va/en/world/news/2018-02/russia-oligarchs-united-kingdom-corruption-accountability.html

This says what ??

Following the collapse of the USSR, Balu, and all its associated repressions, human nature reasserted itself in Russia. It did so with a vengeance. You don't like 'oligarchs', Balu ? Well ... it's such a pity that the USSR ran such a repressive Communist regime that the re-establishment of human aspiration created such a wild counter-reaction ... since, had the Communists never been so repressive, it would doubtless never have been a phenomenon we'd be witnessing today.

Interestingly ... in doing a search for this news, I found scant evidence of the mainstream UK press running with it. Though ... the Guardian (Left wing publication) did refer to this, as part of a wider story in one of their (- typically -) long-winded pieces.

https://www.theguardian.com/uk-news/2017/jan/14/corrupt-money-crept-britain-property-kleptocrats

I don't propose to quote it in any great detail. As I say, it's very long winded. Anyone caring to read the article will see that we have taken action against nationals other than Russians, or people from 'that general area'. For example ...


.. More recently, following the Arab spring, deposed dictators and their cronies have siphoned off hundreds of millions of pounds of their countries’ assets, much of which is believed to have been recycled through the UK’s property market. One notable example was that of Colonel Muammar Gaddafi’s son, Saadi, who was found to have diverted Libyan state funds to buy a £10m house in Hampstead via a British Virgin Islands company, Capitana Seas Ltd.

It's the issue that matters, Balu, not the precise nationality of the 'offender'. You should realise that. The real truth here is that foreign 'corrupt' financial interventions have led to problems for us, which we are now (belatedly) addressing.

As an autonomous Nation State, Balu, we have that right.

High_Plains_Drifter
02-04-2018, 07:49 PM
Russia just reminds me too much of the WWII Nazi regime. China and NOKO are about the same. That's why all you commie DICTATORSHIPS are in cahoots.

To you people, FREEDOM is an enemy.

Drummond
02-04-2018, 08:44 PM
Russia just reminds me too much of the WWII Nazi regime. China and NOKO are about the same. That's why all you commie DICTATORSHIPS are in cahoots.

To you people, FREEDOM is an enemy.:clap::clap::clap::clap::clap:

Gunny
02-04-2018, 09:04 PM
Russia just reminds me too much of the WWII Nazi regime. China and NOKO are about the same. That's why all you commie DICTATORSHIPS are in cahoots.

To you people, FREEDOM is an enemy.There was no difference. That's one of those not-really-so-funny facts about Stalin and Hitler. Peas in a pod. They could have divided up a good chunk of the world before we ever got it in gear.

High_Plains_Drifter
02-04-2018, 09:20 PM
There was no difference. That's one of those not-really-so-funny facts about Stalin and Hitler. Peas in a pod. They could have divided up a good chunk of the world before we ever got it in gear.
And they probably would have if not for America developing and utilizing the first nuclear bomb.