New revelations from the Pandora Papers show how Cyrus Ahsani and his brother Saman Ahsani, the British-Iranian family behind what has been called the “world’s biggest bribe scandal”, used proceeds from their family firm Unaoil to buy a string of UK properties.
Documents appear to show how at least £7.5m of Unaoil proceeds were funnelled via offshore companies into investment funds and blended with funds from outside investors. The money then appears, says the Guardian, to have been invested on the advice of a separate Ahsani business in London to acquire a circa £200m portfolio of assets, including a multiplex cinema in Sunderland, a Humberside business park and an office block in Slough.
