Skip to main content

David Cameron 'made more than £7million' from Greensill Capital before the company collapsed

David Cameron reportedly made over £7million from Greensill Capital before the company collapsed in March.

The former Prime Minister was revealed to have made £3.25 million after cashing in shares from the company in 2019, and a salary of roughly £700,000 a year for work as a part-time adviser.

The BBC's Panorama programme is believed to have obtained a letter between the firm and the former prime minister detailing the value of his shares.

Mr Cameron is believed to have made approximately £7.2million before tax from Greensill over a two-and-a-half year period.

The firm collapsed in March this year, after its leading insurer, Tokio Marine, walked away.

Mr Cameron's role at Greensill then came under the spotlight for his approaches to ministers and former colleagues on behalf of the company, which has put it at the heart of a lobbying row. 

MPs had said Mr Cameron showed a 'significant lack of judgment', though he was cleared of breaking lobbying laws. 

His spokesman said the former PM's finances were a private matter, according to the BBC.

It was earlier reported that Mr Cameron had been paid the equivalent of £29,000 per day for his advisor role after the Financial Times revealed he was only contracted to work 25 days a year.

And when he appeared in front of MPs on a select committee in May, Mr Cameron was markedly coy about how much he had earned. 

He said he had been paid 'a generous annual amount - far more than what I earned as prime minister'. 

Mr Cameron joined Greensill in August 2018. The former politician went on a behind-the-scenes lobbying blitz at the start of the pandemic as the company sought access to a £200million state-backed Covid lending scheme.

Official records revealed that between March and June last year he sent 62 text messages and WhatsApps to Chancellor Rishi Sunak, former friend Michael Gove and other ministers as well as top civil servants and a deputy governor of the Bank of England.

But Mr Cameron insisted it had not been 'some giant fraud' and that Greensill had had a 'really good idea' for how the Government could help businesses in the pandemic.

When asked whether he had lucrative share options in Greensill, Mr Cameron told the select committee he had 'shares, not share options'.

He added that reports he had share options worth £60million were 'completely absurd'. 

Popular posts from this blog

Study Abroad USA, College of Charleston, Popular Courses, Alumni

Thinking for Study Abroad USA. School of Charleston, the wonderful grounds is situated in the actual middle of a verifiable city - Charleston. Get snatched up by the wonderful and customary engineering, beautiful pathways, or look at the advanced steel and glass building which houses the School of Business. The grounds additionally gives students simple admittance to a few major tech organizations like Amazon's CreateSpace, Google, TwitPic, and so on. The school offers students nearby as well as off-grounds convenience going from completely outfitted home lobbies to memorable homes. It is prepared to offer different types of assistance and facilities like clubs, associations, sporting exercises, support administrations, etc. To put it plainly, the school grounds is rising with energy and there will never be a dull second for students at the College of Charleston. Concentrate on Abroad USA is improving and remunerating for your future. The energetic grounds likewise houses various

Best MBA Online Colleges in the USA

“Opportunities never open, instead we create them for us”. Beginning with this amazing saying, let’s unbox today’s knowledge. Love Business and marketing? Want to make a high-paid career in business administration? Well, if yes, then mate, we have got you something amazing to do!   We all imagine an effortless future with a cozy house and a laptop. Well, well! You can make this happen. Today, with this guide, we will be exploring some of the top-notch online MBA universities and institutes in the USA. Let’s get started! Why learn Online MBA from the USA? Access to More Options This online era has given a second chance to children who want to reflect on their careers while managing their hectic schedules. In this, the internet has played a very crucial in rejuvenating schools, institutes, and colleges to give the best education to students across the globe. Graduating with Less Debt Regular classes from high reputed institutes often charge heavy tuition fees. However onl

Sickening moment maskless 'Karen' COUGHS in the face of grocery store customer, then claims she doesn't have to wear a mask because she 'isn't sick'

A woman was captured on camera following a customer through a supermarket as she coughs on her after claiming she does not need a mask because she is not sick.  Video of the incident, which has garnered hundreds of thousands of views on Twitter alone, allegedly took place in a Su per Saver in Lincoln, Nebraska according to Twitter user @davenewworld_2. In it, an unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of the customer recording her. Scroll down for video An unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of a woman recording her A woman was captured on camera following a customer as she coughs on her in a supermarket without a mask on claiming she does not need one because she is not sick @chaiteabugz #karen #covid #karens #karensgonewild #karensalert #masks we were just wearing a mask at the store. ¿ o