Superyachts and private jets: spending of corrupt super-rich revealed
Groundbreaking analysis finds £300bn of suspect funds funnelled through the UK
The multimillion pound spending habits of corrupt members of the global super-rich – including 421 luxury homes, three superyachts, seven private jets as well as elite private school fees and even hovercraft – have been revealed in a groundbreaking analysis of more than 400 money laundering and corruption cases.
Research by Transparency International, an anti-corruption campaign group, found more than £300bn of suspect funds have been funnelled through the UK banks, law firms and accountants before being spent on a £1m Cartier diamond ring, masterpiece art works from Sotheby’s, and a £50,000 Tom Ford crocodile-skin jacket with matching crocodile-skin handbag from Harrods.