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Criminals and sanctions-busters exploiting UK secrecy loophole

An offshore firm helped create companies used by members of Vladimir Putin's inner circle, including one hiding the late mercenary boss Yevgeny Prigozhin's yacht, the Â鶹¹ÙÍøÊ×Ò³Èë¿Ú has revealed.

Seychelles-based Alpha Consulting also helped to form more than 900 English, Welsh and Northern Irish partnerships which used a secrecy loophole to conceal their true owners.

Alpha said it is not responsible for how the companies it helped set up are used by its clients and it always followed the law.

Produced by James Melley, James Oliver, and Will Dahlgreen

This investigation was carried out by Â鶹¹ÙÍøÊ×Ò³Èë¿Ú Newsnight, Finance Uncovered, and the Seychelles Broadcasting Corporation.

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Duration:

12 minutes