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Pandora Papers: Philip Green's wife bought houses in London when BHS collapsed

Lady Tina’s identity as a buyer of properties in Mayfair and Belgravia was hidden because they were bought using offshore companies based in the British Virgin Islands. Their first property purchase began shortly after BHS was sold for £1 to serially bankrupt Dominic Chappell in March 2015. The fallen retail giant collapsed in 2016 with a pension deficit of £571 million and 11,000 job cuts. Weeks after Chappell took control, the Greens bought a nice flat in Mayfair for £4.95 million, which has emerged today. Their next purchase was a £15 million apartment in Mayfair (right). And in 2016, the year BHS collapsed, there was a new home for their daughter near Buckingham Palace, with a price tag of 10.6 million. There was also another flat in Belgravia, worth £7 million (interior bottom), according to the BBC. The Pandora Papers leak, which now exposes the network of secretive offshore companies protecting the wealth of more than 300 world leaders and billionaires, also reveals that the Greens owned BHS’s headquarters in London’s Marylebone Road, before selling it back to their own. Arcadia, for £53 million again in 2015, the year BHS was sold to Chappell. The latest cache of documents alleges that Ukrainian billionaire Gennadiy Bogolyubov, who is under investigation by the FBI for money laundering, Russian oligarch Mikhail Gutseriev, who was sanctioned by the UK in August for his ties to the Belarusian president Alexander Lukashenko and the rulers of Qatar, the Al-Thani family bought more than £1 billion worth of real estate in London using a network of offshore companies.

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