Greetings from Sarajevo,
Often our reporting focuses on countries where money is stolen by kleptocratic governments, corrupt politicians, and criminals. But in the countries that receive illicit money flows, the harm to everyday people can be more difficult to define.
In cities like Vancouver, where ultra wealthy foreigners have parked billions of dollars in the real estate market, an influx of foreign wealth has led to sky-high house prices that are out of reach for most Canadians.
Last week, OCCRP and the Toronto Star uncovered one source of shady foreign capital, a Chinese property developer who is accused of being part of a major military corruption scandal back in China.
Elsewhere, our member centers in South Asia and the Middle East have started exciting new projects to help investigative journalism thrive in those regions.
Here’s this week’s OCCRP newsletter:
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