Sale of billionaire's home uncovers dirty secrets
Hampstead house on the block to recover allegedly embezzled funds, throwing light on other upscale London property held via trust funds, offshore companies
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London
ON London's Billionaires Row in Hampstead, the seven-bedroom Carlton House with its 50-foot ballroom, underground swimming pool and 10-person Turkish bath is for sale for £14 million (S$29 million).
It's being sold to repay BTA Bank after British courts seized assets from the Kazakh lender's one-time chairman, billionaire Mukhtar Ablyazov. The lender accused him of embezzling about US$6 billion from the bank, claims he says are false and politically motivated.
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