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Pakistan's Prime Minister removed over corruption. Guess the link to UK house prices...

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As you may have seen if you read the world news, a massive story in Pakistan today as the Prime Minister is removed over corruption.

What's it got to do with UK house prices? Well, as if you couldn't guess...

Guess where and what he invested his corrupt money in?

Why, who would have thunk it...

"The charges against Mr. Sharif and three of his children — two sons and a daughter — stemmed from disclosures last year in the Panama Papers, which revealed that the children owned expensive residential property in London through a string of offshore companies. In their ruling on Friday, the justices also ordered the opening of criminal investigations against the Sharif family." https://www.nytimes.com/2017/07/28/world/asia/pakistan-prime-minister-nawaz-sharif-removed.html

"a huge scandal engulfing Pakistani Prime Minister Nawaz Sharif and his daughter, Maryam Sharif, after the 2016 Panama Papers revealed a string of offshore companies linked to the family had been used to purchase a number of luxury properties in London." http://www.independent.co.uk/news/world/asia/pakistan-calibri-font-microsoft-prime-minister-nawaz-sharif-corruption-maryam-sharif-panama-papers-a7841381.html

So that's who your London property bubble is making rich. And he'll just be one of many.

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Don't Quataris own more property in London than anybody else including the Queen?  The Gaddafis had property there too.  I wonder who owns them now?

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His contemporaries probably think he was just unlucky in that he was caught. Nothing to see in London, please move on....

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Perhaps the media should also write stuff on why the likes of Sharif are getting away with this in London, it's like an underground drug world.

Stupid me, MSM is made up of landlords.

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9 minutes ago, Agentimmo said:

His contemporaries probably think he was just unlucky in that he was caught. Nothing to see in London, please move on....

A bunch of Chinese greengrocers and herbal 'medicine' wholesalers just paid a record £1.3bn for the wretched Walkie Talkie building.

On and on it goes. The great UK free market giveaway. Communist, salafist, Third World dictator, drug baron... Money up front, no questions asked, and you're in!

https://www.theguardian.com/money/2017/jul/27/londons-walkie-talkie-building-sold-for-record-breaking-13bn

Quote

The Walkie Talkie is the latest trophy London building to be bought by investors from China, South Korea, Singapore and Hong Kong, who, despite Brexit, are taking advantage of the low value of the pound to snap up property bargains in the capital. Chinese investors have spent £3.5bn on property in the City and the West End so far this year.

The nearby “Cheesegrater” tower, officially called the Leadenhall Building, was sold to China’s CC Land for £1.15bn in March, while Beijing Capital Development Holdings, a state-owned group, bought a 15-storey block on the edge of the City for £210m late last year.

Lee Kum Kee purchased the glass-fronted 3 Harbour Exchange building in Docklands in December for £37m, and earlier this year the group tried and failed to buy the Gherkin. LKK is a 129-year-old family business that specialises in oyster sauce, shrimp paste and Chinese herbal medicine, and is controlled by 88-year-old billionaire Lee Man Tat.

James Beckham, head of London capital markets at property advisory firm Cushman & Wakefield, said: “This record-breaking deal demonstrates the enormous investor appetite in London, and in the City’s reputation as the global place to do business.

“Since the vote to leave the EU, capital targeting London from the Asia-Pacific region has increased to record levels. This is partly due to currency fluctuations, but is more indicative of longer-term confidence in London and investment strategies which are not derailed by short-term political uncertainty.”

Beckham described London as the “number one destination” for Asian investors who want to invest abroad.

Walkie-Talkie-20-Fenchurch-Street-London

 

 

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I found it quite refreshing to see this story pop up this morning.

 

Amazing how a supposedly basket case country like Pakistan can hold its elected leaders to account when so many more "developed" countries can't

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24 minutes ago, EssKay said:

I found it quite refreshing to see this story pop up this morning.

 

Amazing how a supposedly basket case country like Pakistan can hold its elected leaders to account when so many more "developed" countries can't

I suspect this is more in the order of a 'soft coup' rather than a holding to account.  It just so happens that the London dodgy dealings were what was used as the pretext - every Pakistani political leader is up to their necks in corruption.

 

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49 minutes ago, Sour Mash said:

I suspect this is more in the order of a 'soft coup' rather than a holding to account.  It just so happens that the London dodgy dealings were what was used as the pretext - every Pakistani political leader is up to their necks in corruption.

 

 

no they are not, the main opposition leader is the former cricketer Imran Khan and he may be many things but corrupt he is not.

Edited by ubuntu
correction

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1 hour ago, EssKay said:

I found it quite refreshing to see this story pop up this morning.

 

Amazing how a supposedly basket case country like Pakistan can hold its elected leaders to account when so many more "developed" countries can't

Sadly this is not the case. Look up the PM's history of corruption. He was formally a PM that was removed and convicted for 14 years and the people voted for him again after that!

The people are fools.

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2 hours ago, Sour Mash said:

I suspect this is more in the order of a 'soft coup' rather than a holding to account. 

 

 

Possibly - although there's no sign of that at the moment. Lets wait and see who replaces him before judging

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3 hours ago, EssKay said:

I found it quite refreshing to see this story pop up this morning.

 

Amazing how a supposedly basket case country like Pakistan can hold its elected leaders to account when so many more "developed" countries can't

+1

Exactly my thoughts on reading this news.  Also there's probably some saying about corruption can't grow unless the soil is conducive or something like that.

Edited by billybong

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Very difficult to compete with corruption......best to move to places or deal with people where the corrupt don't have their dirty mitts running all over...... authenticity, intregracy and ethical not crooked, unjust, greedy and rotten...;)

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