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Business Daily: London's Foreign Property Buyers

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London's Foreign Property Buyers

25/02/2016 GMT

BBC World Service - Business Daily, London's Foreign Property Buyers

Russian oligarchs in London; money laundering; drinking wine in Ethiopia

The Russian oligarchs buying up property in London and concerns that the market is being used to launder money. Plus Ed Butler visits a vineyard in Ethiopia.

Olga Smirnova takes a tour of some of the London properties owned by Russian oligarchs. David Buxton, CEO of Arachnys, a platform that helps UK companies check they are complying with current laws, discusses concerns that the property market is becoming a haven for money laundering. Plus, Ed Butler visits a vineyard in Ethiopia to try some local wine in high demand.

(Photo: A Ferrari parked on Old Bond Street in London. Credit: Getty Images)

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