North Korea nukes funded from UK? London firm ‘raised MILLIONS for Kim Jong-un’s regime’

Sunday, April 23, 2017
By Paul Martin

NORTH Korea allegedly received tens of millions of pounds towards its nuclear weapons programme from a firm based in the leafy suburbs of south east London.

By VICKIIE OLIPHANT
Express.co.uk
Sun, Apr 23, 2017

A Sunday Times investigation has revealed a property in Blackheath has been registered at the UK branch of the regime’s state-controlled insurance company.

Korea National Insurance Corporation (KNIC) has resided at the address in the UK without challenge for more than 20 years.

It was placed under European Union sanctions last year, and has been accused of making vast sums of money through fraudulent claims against London insurers.

But now it is feared to have raised millions of pounds by investing and trading in property and foreign currencies, and sending that back to leader Kim Jong-Un to raise funds for he despot’s nuclear weapons programme.

Official documents reveal the property in Kidbrooke Park Road was purchased by the North Korean government in 2006 for £542,500 and Land Registry documents confirm KNIC as the sole proprietor.

The EU sanctions listing claims the KNIC is “generating substantial foreign exchange revenue which could contribute to [the country’s] nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes”.

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