Logo

Sweden Today

Swedish news in English

Wednesday, October 16, 2024

Swedes Launder Money Through Dubai Real Estate

Published: 2024-05-14

Investigations by SVT's Uppdrag granskning reveal that numerous Swedes are laundering money through property purchases in Dubai.

These individuals include athletes, businesspeople, influencers, and notably, criminals such as a gang leader convicted of orchestrating two murders.

Despite serving a life sentence in Sweden, this gang leader owns a luxury apartment in Dubai, valued at over 4 million kronor, and earns significant rental income.

Swedish authorities face challenges in securing cooperation from Dubai to seize these assets.

Dubai officials, however, have indicated a willingness to assist in the future.