Rishi Sunak has appointed David Cameron to a top office of state, disregarding his association with a major financial scandal involving Greensill Capital. Criminal inquiries into alleged fraud are ongoing in Germany and Switzerland.
In appointing David Cameron to one of the top four offices of state, Rishi Sunak has chosen to disregard his close association with one of the UK's biggest financial scandal s of recent years. Two years ago, BBC Panorama revealed internal documents suggesting Mr Cameron made about $10m (£8.2m) jetting around the world to promote a highly controversial finance business, Greensill Capital .
Greensill, whose disgraced boss Lex Greensill was given an office in Downing Street under Mr Cameron's premiership and later became both his friend and his employer, collapsed in March 2021.Criminal inquiries into alleged fraud are ongoing in Germany and Switzerland, where Lex Greensill has been named as a suspect. Lex Greensill previously denied allegations from MPs on the Commons Treasury Committee in 2021 that his collapsed finance firm was a "fraud" or a "Ponzi scheme" and blamed the firm's collapse on the withdrawal of cover from its insurer
David Cameron Rishi Sunak Financial Scandal Greensill Capital Fraud Criminal Inquiries
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David Cameron’s return brings his role for fallen Greensill back to the foreSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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