Former Prime Minister David Cameron and Chancellor Rishi Sunak are expected to appear before MPs to answer questions about the Greensill Capital lobbying controversy.
As one of the seven requests to Westminster in the controversy, the House of Commons treasury committee announced that it would seek oral testimony from both Mr. Cameron and Mr. Sunak.
The all-party group of MPs – chaired by former Tory cabinet minister Mel Stride – will also seek to hear testimony from the founder of Greensill Capital, Lex greensill, as well as the Bank of England and the Financial Conduct Authority (FCA).
As a first step, Mr Stride will write to Mr Cameron, Treasury, Bank of England, FCA and UK Government Investments (UKGI) with a series of questions to inform his committee’s investigation.
After details of Mr Cameron’s lobbying government ministers on Greensill’s behalf came to light, the Tory-dominated Treasury committee initially decided not to launch an investigation.
However, the committee overturned that decision last week.
It followed the Prime Minister’s decision Boris Johnson to order a high-level lawyer to review Greensill’s business, as well as the emergence of new ties between the now collapsed finance company and senior officials.
Formally launching his committee’s inquiry – titled ‘Lessons from Greensill Capital’ – on Monday, Mr Stride said: ‘There are questions to be answered in relation to Greensill Capital regarding the functioning of the UK financial system and its regulation .
“Also, if the Treasury responded appropriately to Greensill’s lobbying during the pandemic.
“I will write shortly to the Chancellor, the Governor of the Bank of England, Managing Director of the FCA, and David Cameron to request answers to various initial questions.
“The committee will hold its first session of testimony in Greensill Capital next week.”
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Source: news.sky.com
This notice was published: 2021-04-19 19:39:00
