Cambridge, FWIW, seems to be mostly individual colleges rather than the University itself. Given the size (and presumably diversity) of their endowment assets[0], I don't find this much of a surprise.

[0] e.g. Trinity ~£1bn per https://www.trin.cam.ac.uk/alumni/giving-to-trinity/annual-r..., Gonville and Caius ~£150m per https://www.cai.cam.ac.uk/alumni/campaign-brochure/the-endow...

I'm guessing these are just the ones that got caught. I would be surprised if the London Universities e.g. Imperial, LSE would miss out on doing similar things with their funds.

It is very presumptuous to say offender.

Which moral argument do you think they are undermining, and what proof do you have of that?

A registered entity in a Caribbean nation is just as benign as a registered entity in a United State.