Quote Originally Posted by Sir C View Post
The question is, what is actually wrong with money laundering? As I see it, it puts the money back into circulation, which is good for everyone.
Apparently most of the builders who work on the projects are not actually Latvians and Lithuanians but Russians. Apparently they cost a fortune as the money paid to the intermediary construction company is astronomical. This intermediary construction company is usually owned by the very same person who owns the property. I assume the cash generated by the redevelopment disappears out of the UK as, ultimately, the cash generated by the sale of the house.

I suppose you get a better ROI on London property than interest from a bank for your clean money...