Home British politics David Cameron made $ 10 million with Greensill Capital, BBC reports – POLITICAL

David Cameron made $ 10 million with Greensill Capital, BBC reports – POLITICAL

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LONDON – David Cameron made about $ 10 million from financial firm Greensill Capital before the company’s collapse, according to documents leaked to the BBC.

The former British prime minister was to receive $ 4.5 million after taxes for a tranche of Greensill stock, according to a letter from the firm to Cameron. obtained by the BBC Panorama program.

Cameron also received a salary of $ 1 million a year as a part-time consultant and was paid a bonus of $ 700,000 in 2019, the broadcaster reported. In total, the program alleges that documents suggest he earned about $ 10 million before taxes from two and a half years of part-time work.

The former Conservative leader has been at the center of Britain’s biggest lobbying scandal in a generation after it emerged that he lobbied top ministers and officials to include Greensill Capital in a coronavirus loan scheme.

Following Greensill’s collapse in March, which put 3,000 jobs at a steelmaker at risk, investigations have been opened into the company’s activities in the UK, Germany and elsewhere. The former prime minister was acquitted of breaking lobbying rules, but a group of MPs from various parties found that he had demonstrated a “significant lack of judgment.”

The BBC reported that it has not seen Cameron’s signed acceptance of the offer, but the letter indicates that he had already accepted the deal.

Cameron’s spokesman told the BBC that the former prime minister’s remuneration was a private matter. “He acted in good faith at all times and there were no irregularities in any of the actions he took,” the spokesman said.

The deputy leader of the opposition Labor Party, Angela Rayner, said it was “absolutely ridiculous” that Cameron had won such a large sum. “The fact that David Cameron has been acquitted of any wrongdoing shows that the rules that supposedly regulate lobbying are completely inadequate for their purpose. It has created a Wild West where conservatives think it is a rule for them and another for everyone else. “

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