Secret offshore firms 'own area 3 times bigger than London'

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Secret offshore firms 'own area 3 times bigger than London'

Secret offshore firms 'own area 3 times bigger than London'

LONDON — offshore companies based in tax havens like the British Virgin Islands own an area in Britain that's three times the size of Greater London, a report*reveals.*

A staggering 1.2 million acres of land (1875 square miles) in the UK is owned offshore, Global Witness says, based on the database of land registry leaked to Private Eye Magazine.*

That includes vast chunks of central London's Baker Street, which are owned by a collection of offshore companies allegedly linked to Kazakh businessman*Rakhat Aliyev and his family.*

SEE ALSO: Panama Papers: 5 biggest revelations from the leaked documents Read more...



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