Monday, 24 April 2017

Kim Jong-un's nuclear weapons programme 'secretly funded from detached house in leafy London suburb'

Kim Jong-un's nuclear weapons programme has been secretly funded from a detached house in a leafy London suburb, it's been reported.
Tens of millions of pounds have allegedly been sent to North Korea from the anonymous looking building for more than a decade - under the noses of Scotland Yard and the security services.
It is claimed that up to a £33million a year has been funnelled through an apparently innocuous insurance company based at the home in Blackheath, South East London.
The insurance company is said to have been controlled directly from Pyongyang
UK Government officials confirmed the state-controlled company, Korea National Insurance Corporation (KNIC), has recently been closed down after operating unfettered in Britain for more than 20 years.
The firm's assets have also been frozen over fears it’s funding the development of weapons of mass destruction, the Sunday Times reported.
There are also local reports the luxury home was raided by police last year, but that has not been confirmed by the authorities.
The move is the latest in a series of tough economic sanctions imposed on North Korea including an arms embargo and a crackdown on trade that might help the country's military.
Reports say KNIC was targeted as a direct way of stopping funding of the nuclear programme.
Two North Korean officials working for the company were said to have been deported but the Home Office refused to confirm this.
An EU report into KNIC concluded: "The Korea National Insurance Corporation, a state-owned and controlled company, is generating substantial foreign exchange revenue which could contribute to the DPRK’s [Democratic People’s Republic of Korea] nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes."

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