In appointing David Cameron to one of the top four offices of state, Rishi Sunak has chosen to disregard his close association with one of the UK’s biggest financial scandals of recent years.
Two years ago, BBC Panorama revealed internal documents suggesting Mr Cameron made about $10m (£8.2m) jetting around the world to promote a highly controversial finance business, Greensill Capital.
Greensill, whose disgraced boss Lex Greensill was given an office in Downing Street under Mr Cameron’s premiership and later became both his friend and his employer, collapsed in March 2021.
Greensill, whose disgraced boss Lex Greensill was given an office in Downing Street under Mr Cameron’s premiership and later became both his friend and his employer, collapsed in March 2021.
Criminal inquiries into alleged fraud are ongoing in Germany and Switzerland, where Lex Greensill has been named as a suspect.
Lex Greensill previously denied allegations from MPs on the Commons Treasury Committee in 2021 that his collapsed finance firm was a “fraud” or a “Ponzi scheme” and blamed the firm’s collapse on the withdrawal of cover from its insurers.
Before Panorama’s revelations, Cameron had repeatedly refused to tell Parliament how much he made promoting Greensill to investors who included customers of Swiss investment bank Credit Suisse.
Greensill Capital promoted itself as a high-tech lender of supply chain finance, where small companies awaiting payment from customers can borrow money against their invoices.
In appointing David Cameron to one of the top four offices of state, Rishi Sunak has chosen to disregard his close association with one of the UK’s biggest financial scandals of recent years.
Greensill, whose disgraced boss Lex Greensill was given an office in Downing Street under Mr Cameron’s premiership and later became both his friend and his employer, collapsed in March 2021.
Two years ago, BBC Panorama revealed internal documents suggesting Mr Cameron made about $10m (£8.2m) jetting around the world to promote a highly controversial finance business, Greensill Capital.
Criminal inquiries into alleged fraud are ongoing in Germany and Switzerland, where Lex Greensill has been named as a suspect.
Greensill, whose disgraced boss Lex Greensill was given an office in Downing Street under Mr Cameron’s premiership and later became both his friend and his employer, collapsed in March 2021.
Greensill, whose disgraced boss Lex Greensill was given an office in Downing Street under Mr Cameron’s premiership and later became both his friend and his employer, collapsed in March 2021.
Criminal inquiries into alleged fraud are ongoing in Germany and Switzerland, where Lex Greensill has been named as a suspect.
Lex Greensill previously denied allegations from MPs on the Commons Treasury Committee in 2021 that his collapsed finance firm was a “fraud” or a “Ponzi scheme” and blamed the firm’s collapse on the withdrawal of cover from its insurers.
Before Panorama’s revelations, Cameron had repeatedly refused to tell Parliament how much he made promoting Greensill to investors who included customers of Swiss investment bank Credit Suisse.
Greensill Capital promoted itself as a high-tech lender of supply chain finance, where small companies awaiting payment from customers can borrow money against their invoices.
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