David Cameron denies £10m payment from Greensill Capital

 

David Cameron denies £10m payment from Greensill Capital




Although Lord Cameron has refused to reveal his salary as its advisor, he has denied receiving £10 million from the bankrupt financial business Greensill Capital.


The BBC frequently questioned the foreign secretary about his income from the corporation that is the subject of fraud probes in two different nations.


Documents revealed by BBC Panorama in 2021 indicate the ex-PM made £8.2 ($10m) advertising Greensill Capital.


According to Lord Cameron, he disclosed to the government all of his financial interests.



When asked if he had received £10 million from Greensill Capital on the Laura Kuenssberg show on Sunday, Lord Cameron responded, "No, that isn't true."


Resigning as prime minister, he claimed to be a "private citizen" at the time. Since going back into politics, he has resigned from every outside position, he told the program.


Lord Cameron claimed to have "explained the companies" he had been employed by to the Standards Commissioner of the House of Lords since returning to government as foreign secretary.


He said the government should determine what financial information is made available to the public.


Greensill Capital, whose boss Lex Greensill was given an office in Downing Street under Mr Cameron's government, failed in March 2021.


Mr Greensill thereafter employed Lord Cameron as an adviser. He attempted to convince ministers in this capacity to approve the company's enrollment in the Corporate Covid Financing Facility (CCFF).


This would have enabled the business to provide government-insured loans to businesses in order to support them throughout the pandemic.


440 jobs were lost when Greensill Capital failed, and investors may have lost billions of pounds as a result of Mr. Cameron's failed attempts.


Mr. Greensill has been designated as a suspect in the continuing criminal investigations into allegations of fraud in Germany and Switzerland.


A number of investigations at Westminster were sparked by the scandal surrounding Lord Cameron's lobbying activities on behalf of Greensill.


In 2021, Mr. Greensill refuted claims made by Members of the Commons Treasury Committee that his bankrupt financing company was a "fraud" or a "Ponzi scheme," attributing its demise to the underwriters' cancellation of their policy.

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