In this Jan 10, 2016 photo, passersby walk by the Hope & Anchor pub in London. The Hope & Anchor has a lovely ground-floor pub with a small theater space upstairs and music venue in the basement. (Jonathan Elderfield via AP)
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The president of the United Arab Emirates owns London properties worth more than £1.2 billion ($1.7 billion, 1.5 billion euros) through offshore companies revealed in the so-called Panama Papers, The Guardian reported Wednesday.Three children of Pakistani Prime Minister Nawaz Sharif have also been shown to own London real estate through offshore companies administered by Mossack Fonseca.British Prime Minister David Cameron said last year that more than 36,000 London properties were owned by offshore companies, amounting to £122 billion of property across the whole of England and Wales.
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