Lobbying in Britain's Conservative Party illustrates the dark ties to the Gulf alliances with Israel | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Lobbying in Britain's Conservative Party illustrates the dark ties to the Gulf alliances with Israel

When the extent of former British Prime Minister David Cameron's involvement in lobbying for the investment company Greensill Capital was revealed by the BBC's "Panorama" programme this week, the revelations went far beyond his role in the scandal. It goes back years but the investigation was only launched properly earlier this year.

In short, Cameron was reported to have lobbied ministers and senior civil servants to get the Bank of England to invest $10 billion of British taxpayers' money in Greensill's loans. Claiming that the investment would help British businesses to stay on their feet during the Covid-19 pandemic, Cameron's lobbying was unsuccessful until June 2020, when the government finally approved Greensill as a lender under a scheme to help companies and businesses.

It was under that Coronavirus Large Business Interruption Loan (CLBIL) scheme that the state-owned British Business Bank allowed the company to provide loans backed by an 80 per cent taxpayer guarantee. Over the course of that scheme, however, Greensill went beyond the condition to provide a limit of £50 million loans to each company by giving a loan of £350 million to seven companies owned by the British-Indian businessman Sanjeev Gupta.

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