David Cameron denies £10m payment from Greensill Capital
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A journalist who covers politics for the news department of the BBC.
Lord Cameron has refuted claims that he received a sum of £10 million from Greensill Capital, a financial company that went bankrupt recently. However, he has refused to reveal the amount of money he made as an advisor to the company.
The BBC kept asking the foreign secretary about his income from the company that is currently being investigated for fraud in two different nations.
BBC Panorama has recently come across documents that reveal that the former prime minister made a sum of £8.2 ($10m) by endorsing Greensill Capital.
According to Lord Cameron, he disclosed all of his financial involvements with the authorities.
During his interview on Laura Kuenssberg's show on Sunday, Lord Cameron denied receiving £10 million from Greensill Capital and stated that the claim was false.
During the programme, he mentioned that he was just a regular person after resigning as prime minister and wasn't involved in any public affairs. He also added that upon his comeback to politics, he has quit all his previous occupations.
After becoming a foreign secretary once again, Lord Cameron stated that he had informed the House of Lords' Standards Commissioner about the companies he had been employed by.
He stated that the responsibility of making financial information available to the public rests with the government.
In March 2021, Greensill Capital, led by Lex Greensill, who had been granted an office in Downing Street during Mr. Cameron's time as prime minister, experienced a collapse.
Following his initial employment, Mr Greensill brought on board Lord Cameron to serve as an advisor. In this position, he relentlessly advocated for the inclusion of the firm in the Corporate Covid Financing Facility (CCFF) program by lobbying government officials.
The company would have been permitted to provide loans that are backed by the government in order to support businesses during the pandemic.
Mr Cameron didn't succeed in his endeavors which led to the downfall of Greensill Capital. Sadly, 440 people lost their jobs and investors may have experienced losses in the billions of pounds.
Authorities in Germany and Switzerland are currently conducting investigations regarding suspected fraud, specifically with regards to Mr. Greensill.
The controversy over Lord Cameron's lobbying on behalf of Greensill led to numerous investigations in Westminster.
Earlier this year, Mr. Greensill refuted claims made by MPs on the Treasury Committee that his finance company was involved in fraudulent or Ponzi scheme activities. Instead, he attributed the collapse of his firm to the decision of insurers, who withdrew their coverage.
