Moonlighting in London!

David Pegg, Helena Bengtsson and Holly Watt report in the Guardian on the Panama Papers, ‘ The president of the United Arab Emirates has secretly built one of the single biggest offshore property empires in Britain, the Panama Papers reveal. Sheikh Khalifa bin Zayed Al Nahyan owns dozens of central London properties worth more than £1.2bn through offshore companies supplied by Mossack Fonseca . . . The prime minister of Pakistan, Iraq’s former interim prime minister and the president of the Nigerian senate are among those whose links to London property are detailed by the files . . . Foxwood Estates Limited bought a £2.75m Kensington town house in 2008, while one year later Moonlight Estates Limited bought a £750,000 commercial building on Edgware Road. A spokesperson for Allawi told the International Consortium of Investigative Journalists that the companies had been set up based on security and legal advice.’ click here