September 6 2017
Oxfam Scotland has led renewed calls for far-reaching reforms to make British and Scottish firms more transparent after new evidence they had been abused used for industrial-scale money-laundering.
As The Herald reported yesterday, four UK firms, two of them Scottish, were used as part of a £2.2bn Azerbaijani Laundromat uncovered by international investigative journalists.
The Sarajevo-based Organised Crime and Corruption Reporting Project found Glasgow-based Scottish Limited Partnerships (SLPs) were a core part of the structure. Money was then paid to politicians who acted in support of the former Soviet republic’s autocratic regime.