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The fugitive wife of a "fat cat banker" who's spent £16m in Harrods is battling to keep her London mansion after the UK's first use of a new power to combat international corruption.
The woman, who cannot be identified for legal reasons, is challenging a demand by the National Crime Agency that she reveal the source of her wealth or face losing her British properties.
The hearing at the High Court is the first time the agency has used an "Unexplained Wealth Order" to force a suspected corrupt foreign official and his family to account for their riches.
Spent 16 million in harrods alone. It’s beyond me where you would start with this.
Lets repeat. 16 million. In a glorified department store. How? Wtf did she buy?
Homeowners release record £3 billion equity in 2017
It is clear that unlocking housing wealth has an increasingly i mportant role to play in helping older
people pay for later life. Analysis from the Equity Release Council earlier this year estimated that
total homeowner equity in England has reached an unprecedented £2.6 trillion, with £1.8 trillion
belonging to over-55 households. Customer data suggests that those using equity release have
homes worth around 25% more than was the case just three years ago
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