Sunday 16 December 2018
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Scmp - 4 month ago

Dubai to Hong Kong, follow the money (laundering)

To the believers, the glittering towers and man-made islands that characterise the Dubai real estate market are proof of an economic miracle. A reminder of how a small fishing port on the edge of the desert took just decades to transform itself into a global investment hub. Yet for all the admirers, there are many doubters. Those who see its shimmering skyline as a facade, its reputation for secrecy an invitation for money laundering and who question whether an emirate once synonymous with gold...

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