Did David Cameron make £7m out of Greensill Capital? The BBC says he did, based on documents it has seen. The denial today from the former Prime Minister’s team is rather undermined by a refusal to say what the real figure is.
The row makes for a depressing spectacle. Right on cue, step forward Gavin Williamson. The Education Secretary and DC’s former PPS, was flung onto the Today programme to discuss exam results and did defend his former boss along the way, saying he “has been absolutely sort of cleared in terms of those inquiries”.
A spokesperson for Cameron says his remuneration was a private matter.
More details have emerged today following the broadcast of “David Cameron and the Missing Billions” on BBC One.
In 2019, Dave appeared with boss Lex Greensill, at an event hosted by the Swiss bank Credit Suisse where he personally promoted Greensill Capital to investors. This was the same year Cameron bagged a £500,000 bonus for his work as a part-time adviser and lobbyist.
In June last year, Greensill lent GFG Alliance – controlled by steel magnate Sanheev Gupta – £350 million via the Coronavirus Large Business Interruption Loan (CLBIL) scheme. The funds have yet to be reimbursed.
The government is now investigating the matter, with GFG and Greensill being referred to the Serious Fraud Office. The decision is being challenged, however, meaning taxpayers risk losing more than £320 million.
From their sunloungers, Tory MPs who were around in the Cameron era are getting their revenge, off the record. A Boris-supporting Tory MP says: “It proves the old theory that it was easy to like Cameron until one got to know him properly. It’s a shame because if he had put half the energy into making a success of his premiership, as he clearly has into feathering his own nest, he might have gone down as an okay Prime Minister.”
Harsh. Another texts: “Greensill were overcharged.”
What a mess.
