"An astonishing £146m worth of untracked money has poured into the town of 177,500 people since 2016, making it one of only three non-London locations to feature in the top 10. The total investment for Wokingham covers just five properties, according to the study by Transparency International. This gives them an average value of almost £30m, despite the average house there selling for £530,000. Nearly £6billion worth of suspicious funds have been used over the last eight years to buy UK property through shell companies registered in Britain's Overseas Territories, new research has revealed. Margot Mollat, Senior Policy Manager at Transparency International UK said: 'Corporate secrecy in the UK's Overseas Territories plays a central role in enabling corruption, money laundering, and the evasion of tax and sanctions on a global scale."
