Indulging Kleptocracy
British Service Providers, Postcommunist Elites, and the Enabling of Corruption
John Heathershaw author Tena Prelec author Tom Mayne author
Format:Hardback
Publisher:Oxford University Press Inc
Publishing:4th Feb '25
£22.99
This title is due to be published on 4th February, and will be despatched as soon as possible.
A powerful and sophisticated analysis of how Western professionals have enabled kleptocratic elite networks and undermined the rule of law. After the Cold War ended, the British government created the conditions under which a large, multinational class of extremely wealthy kleptocrats based primarily in Russia and Eurasia could move to and thrive in London with a genuine sense of impunity. What is the role of professional enablers in the rise of kleptocracy? In Indulging Kleptocracy, John Heathershaw, Tena Prelec, and Tom Mayne examine the broad range of financial, legal, and related services provided in the UK with respect to suspicious wealth from Russian and Eurasian elites. Through a series of rich, gripping case studies, the authors show how powerful legal and financial service industries that know how to game the system have made it possible for these corrupt elites to operate with relative impunity. They detail how these enablers exploit deregulation and the under-enforcement of the law, offshore their clients' wealth, and enhance their reputations and influence via philanthropy, political donations and the use of the UK's punitive libel regime. They further argue that kleptocracy is not just a moral and economic problem that sits at the margins of real politics, but it impoverishes the global south and undermines institutions in the global north, eroding faith in democracy by empowering corrupt elite business-political networks in global politics. Shedding light on dangerous patterns of corruption, Indulging Kleptocracy explores one of the most fascinating stories in the post-Cold War era and offers suggestions on how to break the system of indulgences and stymie the globalization of kleptocracy.
Indulging Kleptocracy achieves the extremely rare feat of marking a major advance in the scholarly study of corruption, while at the same time shedding a harsh light on the seediest side of the UK's political economy. A work of masterly investigation, the book exposes not just a failure to stem a tide of dirty money washing through Britain's institutions, but the active and on-going complicity of many in the political establishment, the financial sector, the professions, and think-tanks and elite universities in aiding and abetting foreign kleptocrats. * Jason Sharman, University of Cambridge and King's College, Cambridge *
This is an extraordinarily important book coming at a crucial time. It is a vital primer for policymakers, politicians, and campaigners to understand how the UK has become one of the world's most respectable enablers of kleptocracy. And it is a wake-up call for all of us to hold enablers and the institutions that facilitate them to account. * Susan Hawley, Executive Director, Spotlight on Corruption *
Executive Kleptocracy is a global problem, but it has very British causes. Heathershaw, Prelec, and Mayne have identified a hard truth that many of our politicians have shied away from--we have rolled out the red carpet out for any crook, oligarch, or kleptocrat with a few million to spend and gleefully served as a one-stop shop for anyone looking to launder ill-gotten gains or murky reputations. This is an important analysis of how dirty money has flowed into the UK, and why this is catastrophic not just for the impoverished nations it is being stolen from, but also for the British cultural, economic, and political institutions it undermines. * Margaret Hodge, Former Minister of State for Employment of the United Kingdom *
With great analytical nuance and ethnographic skill, Indulging Kleptocracy recasts our assumptions about how transnational kleptocracy operates within the zones of legal ambiguity created by the globalization of financial and legal services. Far from being marginal players for distant autocrats, the book persuasively shows how today's professional enablers, through their modern-day indulgences, have forged the kleptocratic networks that thrive in the UK and across the West. * Alexander Cooley, Barnard College, Columbia University *
A brave and rigorous book, Indulging Kleptocracy reveals an entire system of professional support that wraps around wealthy corrupt actors, lifting them up within business, social and political circles, and legitimizing their interests. As the authors describe with great clarity and urgency, this system has grown so large and so unchallenged that it now threatens the integrity of our economies and our democracies. Nuanced, fair and immensely readable, this is essential reading for our time. * Alexandra Gillies, Director, Global Anti-Corruption Consortium, Organized Crime and Corruption Reporting Project (OCCRP) *
ISBN: 9780197688229
Dimensions: 226mm x 150mm x 31mm
Weight: 590g
328 pages