31 August 2023
The Times The children of notorious autocratic rulers and their allies have been revealed as the ultimate owners of UK property worth hundreds of millions of pounds held through offshore companies. Under transparency rules, foreign companies that own property in the UK have to declare the identities of their owners. Previously, the ultimate ownership of many of these properties was secret. The Register of Overseas Entities was established after the Russian invasion of Ukraine last year to increase the transparency of who owns properties in the UK through offshore firms. The Times matched the database with Land Registry details to give a list of properties owned and their owners.
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