Russia has launched a program for the return of billionaires resident in Great Britain and in five other countries, where counters have been opened to allow those who wish to return, but in Russia it risks to face legal proceedings, to request them. The list of names of persons whose cases could be reviewed, or condoned, was handed over to President Vladimir Putin, announced the guarantor for entrepreneurship Boris Titov visiting Britain, anticipating a first return from Cyprus.
Britain risks losing its status as a "paradise for the rich" if it begins to investigate the origin of the wealth of Russian entrepreneurs who move there, as foreseen by the Uneplained Wealth Order which came into force at the end of January, allowing request the origin of goods or money with a value of over 50 thousand pounds, he stressed. The new measures allow for the freezing and seizure of assets whose origin the owners are unable to explain, said British security minister Ben Wallace. It is estimated that 127 billion dollars are recycled annually in the United Kingdom.
Titov had already said he had asked Interpol to delete their names from the list of wanted people. "The list is not final, we continue to receive requests," added Titov, stating that the cases are all very similar, of people who left Russia, even twenty years ago, not to be arrested.
"We realized that the problem is systemic, but people would not know what to do and how to return and so we took a step in their direction," added Titov, who in turn had lived in London between 1989 and 1997.
There are far more countries with a better economy than Britain and after brexit it will only be a matter of time before the rich folk look to other countries. Great read.