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Property prices skewed by dirty money
Posted: 25 Jul 2015, 10:08
by duke63
Must be a lot of bent solicitors about then because they are supposed to report it to SOCA if they have any suspicions that the money is being laundered.
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Re: Property prices skewed by dirty money
Posted: 25 Jul 2015, 11:14
by Kwacky
Didn't Channel 4 cover this a few weeks ago? They showed estate agents and solicitors being aware of dirty money being laundered through properties
Re: Property prices skewed by dirty money
Posted: 25 Jul 2015, 11:52
by Deegee
Kwacky wrote:Didn't Channel 4 cover this a few weeks ago? They showed estate agents and solicitors being aware of dirty money being laundered through properties
Absolutely, I watched it and it was clear as day that the Estate Agent knew the score but just wanted the Commision.
Dirty money does happen though, the company I work for has a money laundering policy and I had to sign it when I joined, funnily enough one of our customers is currently undergoing a good scrubbing by the Inland Revenue and the word is they want blood, plus it's been speculated for years this particular guy was passing money through his books for an underworld mate, fingers crossed he's clean.
Re: Property prices skewed by dirty money
Posted: 25 Jul 2015, 11:54
by duke63
So why is no one being prosecuted if its so well known its going on?
Re: Property prices skewed by dirty money
Posted: 25 Jul 2015, 12:00
by Deegee
Presumably because it's the great and the good that are commanding outrageous prices for their London houses.
Realistically I don't know, when challenged at the end of the programme, the companies concerned all denied knowledge of it not being kosher, surprise surprise.
Re: Property prices skewed by dirty money
Posted: 25 Jul 2015, 16:48
by Kwacky
duke63 wrote:So why is no one being prosecuted if its so well known its going on?
The information C4 got has been handed to the police
Re: Property prices skewed by dirty money
Posted: 26 Jul 2015, 21:59
by R34PER
Kwacky wrote:duke63 wrote:So why is no one being prosecuted if its so well known its going on?
The information C4 got has been handed to the police
Who will give it a crime number, file it away and carry on dunking biscuits in their tea.
Re: Property prices skewed by dirty money
Posted: 26 Jul 2015, 22:46
by edski675
I'm sure that the Solicitors Regulation Authority will be onto this and will be asking some very awkward questions.
Re: Property prices skewed by dirty money
Posted: 27 Jul 2015, 10:50
by duke63
Like what biscuits do they dunk in their tea?
Re: Property prices skewed by dirty money
Posted: 27 Jul 2015, 13:25
by TonyB
R34PER wrote:Kwacky wrote:duke63 wrote:So why is no one being prosecuted if its so well known its going on?
The information C4 got has been handed to the police
Who will give it a crime number, file it away and carry on dunking biscuits in their tea.
.......because it'll be some of their top brass involved. Funny handshake clubs and all that.