
A Bloomberg News investigation has uncovered the extensive UK real estate holdings of a former land minister from Bangladesh, valued at approximately £200 million and comprising more than 350 properties. This revelation raises significant concerns regarding the enforcement of the UK's foreign property ownership laws and the effectiveness of its anti-money laundering regulations. Despite the UK receiving over 900,000 suspicious activity reports last year, only 391 penalties were issued to estate agents for non-compliance with money-laundering regulations. The scale of foreign investment in the UK and the challenges in monitoring such transactions are highlighted by this case, which also casts doubt on Bangladesh's currency control measures. The politician disclosed wealth that's less than 1% of the value of his UK property empire.
Today we published an investigation revealing how a Bangladeshi politician managed to build a £200 million property empire across the UK, despite his stated wealth coming to a fraction of that sum https://t.co/fl5aEeIWIQ
Today we published a big Bloomberg News investigation revealing how a prominent Bangladeshi politician built a £200 million UK property empire, despite disclosing wealth that's less than 1% of that amount. via @business @BBGVisualData https://t.co/dFIA76iWJJ
The £200 million property empire of one Bangladeshi politician is triggering serious questions about the UK's foreign property ownership laws https://t.co/SJlnEhSYs4 via @business




