Russian oligarchs have invested more than €350 million euros in French luxury real estate, most of the time without attracting a scintilla of scrutiny about the source of the funds.
Many even used their own names to buy properties — names that could end up on sanctions lists following Russia’s invasion of Ukraine.
The findings of this cross-border investigation are based on official documents found on government websites, but it doesn’t seem the questionable source of cash has attracted the attention of the French authorities in most cases.
This is the first instalment in a two-part series on money laundering in France to be published in the French weekly magazine L’Obs. Stay tuned for part two.
We found over €350 million worth of properties owned by 29 rich russians in France using public documents.
It’s the tip of the iceberg – those who didn’t hide.
— Emmanuel Freudenthal (@EmmanFre) March 8, 2022
- Des biens immobiliers d’une valeur de 350 millions d’euros : la belle vie des oligarques russes en France ( L'Obs, France, March 7, 2022 )
- PDF - Des biens immobiliers d’une valeur de 350 millions d’euros : la belle vie des oligarques russes en France ( L'Obs, France, March 7, 2022 )
- Immobilier de luxe : comment la France attire l’argent douteux du monde entier ( L'Obs, France, July 7, 2022 )