Lord Cameron has rejected accusations that he profited £10m from Greensill Capital, the collapsed finance firm that is being investigated for fraud in Germany and Switzerland. However, he declined to disclose how much he earned as an advisor for the company. In 2021, documents revealed by BBC Panorama suggested that the former prime minister had earned over £8m promoting Greensill Capital. Lord Cameron contended that he had not received £10m from the firm and had declared all his financial interests to the government. He also emphasized that he was a private citizen at the time and had resigned as prime minister.
The former prime minister served as an advisor to Greensill Capital after he left 10 Downing Street. As an advisor, he worked to persuade ministers to allow the company to participate in the Corporate Covid Financing Facility scheme. The scheme would have enabled the company to issue government-insured loans to help businesses during the pandemic. Lord Cameron’s efforts were unsuccessful. Under his premiership, the company’s CEO, Lex Greensill, obtained an office in Downing Street. The company later collapsed in 2021, with potentially billion-pound losses for investors and the loss of 440 jobs.
Lord Cameron stated that he had revealed all the firms he had worked for to the House of Lords’ Standards Commissioner since his return to politics. He added that it was up to the government to decide which financial information would be made public. The lobbying scandal triggered a series of inquiries in Westminster. Lord Cameron has since resigned from all his outside jobs. Mr Greensill has rejected claims by the Commons Treasury Committee that his firm was a Ponzi scheme, blaming its collapse on the withdrawal of cover by its insurers
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