Karimi & Associates Law Firm presents according to Jurist:
The government of Britain announced the opening of an independent investigation following former Prime Minister David Cameron’s lobbying activities on behalf of the UK -and Australia- regarding the development and use of supply chain finance (and associated schemes) related to Greensill Capital.
Mr. Cameron was Britain’s prime minister from 2010 to 2016. During this time, the founder of Greensill Capital, Lex Greensill, was brought in as a government advisor. Following Cameron’s leave of office in 2016, Cameron became an advisor to Greensill Capital.
Cameron allegedly contacted ministers at the beginning of the COVID-19 pandemic to ask for access to the government’s COVID-19 loan schemes. Cameron lobbied several government officials, including the Treasury chief and the Health Security, on behalf of Greensill. Greensill reportedly wanted to have a loan scheme changed or expanded so that the company could access cheap loans.
Greensill denied any wrongdoing, by issuing a statement on Sunday.
Current Prime Minister Boris Johnson commissioned an independent investigation “to establish the development and use of supply chain finance and associated activities in government,” as well as to review the role of Greensill in those activities. Former mergers and acquisitions advisor Nigel Boardman will lead the investigation. Boardman will be given access to all needed government information and will report his findings by the end of June 2021.