Dubai Uncovered
From Handwiki Dubai Uncovered is the name of a leak detailing property ownership in Dubai. The data, originally from 2020, was revealed in 2022.[1] It revealed 274,000 owners of 800,000 properties located in Dubai.[2] Of these, 191,000 were foreigners.[3] The data was originally obtained by Center for Advanced Defense Studies (C4ADS), before being shared with the Norway financial newspaper E24, who then lead the investigation.[2] 25 international media outlets co-operated to investigate the leak.[1]
Dubai has been described as "one of the most opaque financial hubs in the world", and one of the most popular destinations for illicit money.[1] According to Brussels Times, the leak revealed "a huge black hole in international anti-money laundering efforts centered [sic] around the Dubai real estate market".[4] The leak revealed that over 100 members of the Russian elite held properties in the city, including heavily-sanctioned individuals like Ruslan Baisarov and Ramzan Kadyrov. Additionally, internationally wanted criminals have been implicated, like Daniel Kinahan.[2][4]
The investigation in Norway revealed how 85% of the locally listed owners of Dubai properties had not reported it to their national tax authorities as required by law.
See also
- Bahamas Leaks
- Cyprus Papers
- Panama Papers
- Pandora Papers
- Paradise Papers
References
- ↑ 1.0 1.1 1.2 Frich Flydal, Eiliv; Kupfer, Matthew; Alsaker Vikan, Jonas (3 May 2022). "Dubai Uncovered: Data leak exposes how criminals, officials, and sanctioned politicians poured money into Dubai real estate". Le Monde. https://e24.no/internasjonal-oekonomi/i/Bj97B0/dubai-uncovered-data-leak-exposes-how-criminals-officials-and-sanctioned-politicians-poured-money-into-dubai-real-estate.
- ↑ 2.0 2.1 2.2 Flydal, Eiliv Frich; Kupfer, Matthew (3 May 2022). "Dubai Uncovered: Data Leak Exposes How Criminals, Officials, and Sanctioned Politicians Poured Money Into Dubai Real Estate". OCCRP.
- ↑ "714 Belgians named in Dubai Uncovered data leak". NWS. 3 May 2022. https://www.vrt.be/vrtnws/en/2022/05/03/714-belgians-named-in-dubai-uncovered-data-leak/.
- ↑ 4.0 4.1 Carter, Dylan (5 May 2022). "Dubai Uncovered: Belgian criminals live in luxury beyond reach of the law". The Brussels Times. https://www.brusselstimes.com/222234/dubai-uncovered-belgian-criminals-live-in-luxury-beyond-reach-of-the-law.
External links
- "Dubai Uncovered" - OCCRP
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Categories: [Financial scandals] [Finance fraud]
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