The Pak Banker

British committee to summon Sunak, Cameron over Greensill

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A British parliament­ary committee will summon finance minister Rishi Sunak and former PM David Cameron to appear before it to answer questions about the exleader's lobbying for the now failed supply-chain finance firm Greensill Capital.

Greensill's founder, Lex Greensill, Bank of England Governor Andrew Bailey and the chief executive of the Financial Conduct Authority, Nihkil Rathi, will also face questions about the collapse of the company and Cameron's actions.

A series of inquiries have been launched into what access lobbyists have had to Prime Minister Boris Johnson's government after questions were raised about Cameron's lobbying for funds. Cameron has denied breaking any code of conduct or government rules and the government has repeatedly said the outcome of his discussion­s on Greensill's proposals for access to a COVID-19 loan scheme were not taken up.

Johnson has launched an independen­t review to look at the allegation­s and several parliament­ary committees are also launching inquiries into the role of lobbyists and ministers' interests in private companies. Mel Stride, the

Conservati­ve lawmaker who chairs the House of Commons cross-party Treasury Committee, said on Monday that a first preliminar­y hearing taking expert testimony would take place on April 28.

"There are questions to be answered in relation to Greensill Capital regarding the operation of the UK's financial system and its regulation. Also, whether the Treasury responded appropriat­ely to lobbying from Greensill during the pandemic," he said. In a letter to Cameron, the committee asked the former prime minister to provide a timeline of his contacts with ministers and government officials.

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