Former UK PM Mr Cameron Made USD 10 Million from Greensill

Associated Press reported that former British Prime Minister Mr David Cameron is reported to have made USD 10 million from a financial services company Greensill Capital that he lobbied for before it collapsed earlier this year. The BBC’s investigative program “Panorama” said it obtained a letter between Greensill and Cameron detailing the value of his shares. BBC reported that “Mr Cameron appeared to have made USD 4.5 million after cashing in shares from Greensill Capital in 2019. Together with his salary and bonus, he is believed to have made around USD 10 million before taxes for work as a part-time adviser for the company over 2 1/2 years.”

Mr Cameron’s spokesman said the former British leader did not receive anything like the reported sums, and maintained that Cameron did not have any idea until December 2020 that the company was in danger of failure. The spokesman said “He acted in good faith at all times, and there was no wrongdoing in any of the actions he took.”

Mr Cameron has been facing questions from lawmakers about his efforts to persuade senior government officials to invest public money in Greensill before it collapsed in March. Mr Cameron’s involvement with the firm has triggered a series of inquiries into his conduct and raised questions about political lobbying in Britain. A committee of lawmakers cleared Mr Cameron of breaking lobbying laws in May, but they said he showed a significant lack of judgment.