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Russian oligarchs in UK told to explain luxury lifestyles

3-2-2018 < Blacklisted News 64 103 words
 

Russian oligarchs suspected of corruption will be forced to explain their luxury lifestyles in the UK, the security minister has said.


As part of an organised crime crackdown, Ben Wallace told The Times officials could now seize suspicious assets worth more than £50,000.


He added wealthy foreign criminals would feel the "full force of government".


It is estimated £90bn of illegal cash is laundered in the UK each year.


In the interview with the paper, the security minister warned: "We will come for you, for your assets and we will make the environment you live in difficult."


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