Money Laundering & Housing in London (1)

Meeting: 
MQT on 2015-03-25
Session date: 
March 25, 2015
Reference: 
2015/0980
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

A recent report by Transparency International, Corruption on Your Doorstep, suggested that a flow of corrupt cash is driving up house prices in London. What are you doing about it?

Answer

Answer for Money Laundering & Housing in London (1)

Answer for Money Laundering & Housing in London (1)

Answered By: 
The Mayor

The report you mention did not state this. It asserted that it was 'likely' that that there was a link between 'corrupt capital', overseas investment and rising house prices but did not produce any evidence to suggest the nature and scale of any such relationship.