In 2010, David Cameron was the Prime Minister of the UK, speaking out against the receptionists. “We all know how it works. Dinner, hospitality, quiet words in your ears, former ministers and former advisers at work, help big business find the right way.
Eleven years later Cameron’s persistence has been revealed private message archive Deployment of Tory government officials.
WhatsApp messages, text messages and emails – sent 56 times since the epidemic began in 2020 – were issued by the former Prime Minister at the request of the Treasury’s select committee, which is investigating the collapse of Greensill Capital, a financial company of which Cameron was a consultant.
Cameron, who is due to give an oral testimony Thursday, will look in horror at his former employer Lex Greensill He was raised by the same 11 councilors Tuesday afternoon.
During a three-hour interrogation, counselors repeatedly questioned an Australian investor about the failure of his business – sometimes forcing him to deny that he was a “fraud”.
The MP submitted reports that loans from Greensill Capital to the GFG Alliance for steel mills were based on in doubtful invoices which has led to suspicion of fraud.
“We or our company have never been involved in money laundering that we know is fraudulent,” Greensill told the committee.
FT first revealed in mid-March that Cameron – whose shares in Greensill were worth millions of dollars – had gone to Treasury and Downing Street officials last year for government assistance.
The new documents show how Cameron – who signed his “DC” messages – was attracting more government officials than previously thought, including his former colleague Michael Gove, the Office of the Prime Minister.
Reports over three months have seen the former Prime Minister fall asleep loudly as he seeks – not to do so – to change the rules surrounding Covid’s debt to help his Greensill Capital client between March and May last year.
In one of the 13 messages to Rishi Sunak, Cameron praised the chancancor: “You’re doing a good job – keep it up.” Writing on April 29 last year he said there had been significant progress in negotiations between Greensill and Treasure, “thanks a lot.” Sunak only responds directly to the two texts.
In May, when the Treasury rejected Greensill’s request, Cameron relied on Sunak, saying: “I’m sorry to hurt you again. We need to respond very quickly.”
The record showed Cameron texting former allies including Nadhim Zahawi, then trade minister. He sent Gove about what Greensill did. “Now I’m talking to Rishi for the first thing tomorrow. If I still refuse, can I call you there? Thank you! DC.” In another message he praised Gove’s “good work”.
Cameron also wrote to Richard Sharp, a bank teller who advises Sunak – and now the BBC chair – to complain about delays. “I’m afraid the ministers will have to be fired a little bit,” he lamented.
The former prime minister sent a message to Tom Scholar, a full-time secretary at Treasure. “We are seeing you with the Rishi because of a collision of an elbow or a foot tap. Love Dc [sic]”, He said. In another message he told Scholar” glad you are the superintendent “.
In one week in March, where he sends Scholar almost every day, he apologizes: “The last point is I promise to stop annoying you.” When Scholar did not sound well, he responded the next day complaining and threatening to call the cabinet ministers: “This seems ridiculous. Now I’m calling CX [Sunak], Gove, everyone. ”
New Treasury reports show how they have partnered with these companies by allowing investors to join the Bank of England Covid Corporate Financing Facility – but rejecting the idea in June.
Cameron insisted he was unaware of Greensill’s financial crisis until December last year.
But Andrew Bailey, the Bank of England’s ambassador, told the Treasure Committee that the BoE first recognized the “weakness” in Greensill in March 2020, when Cameron began to strengthen his coercive activities.
Lex Greensill told the Treasury committee on Tuesday the main reason for the team’s failure was the idea of Tokio Marine, his main insurance, not to recover his money, in the midst of the Covid turmoil
However, emails issued separately indicate that the insurer fired the registrar for Greensill. The writer had been pressured by Cameron.
Greensill-induced loans were sold as cash to Credit Suisse. Insurance providers are required by the creditors to obtain an existing loan, which is required for the application to be effective.
Greensill said he took “full responsibility” for the collapse of his company and acknowledged that he was “at risk of financial ruin that ultimately disrupted” the business, as well as “relying too heavily on insurance”.
He stressed that lending his company was backed by real money, although he acknowledged that up to 20% of the group’s borrowing last year was based on “future receivables”.
The findings released by the Treasure Committee also highlight how Greensill wrote to the UK Conduct Authority in the UK, which is now investigating the company.
The FCA has previously analyzed the complexities associated with GAM, a Swiss treasurer put a lot of money in Greensill sales and was forced to withdraw some of its revenue in 2018. He also asked workers to farm via internal mail after whistleblower raised concerns, FT said in 2019.
In a hearing, Lex Greensill declined to comment on questions from Labor MP Emma A Hardy about whether the FCA investigated Greensill’s handling of the GAM crisis, saying he did not know if he was allowed to discuss the matter.
Separately in December 2020, Lex Greensill met with Chris Woolard, who is leading the FCA’s review of the debt-free market, to discuss how the Greensill company managed a scheme to admit workers to the NHS cash their daily pay check.
Woolard asked “how does it make money?” and Greensill said it was “an extension” for the NHS “as they are already making more and more of the NHS deal,” the conference notes.