Cameron denies claims he made $10m before Greensill collapse

DAVID CAMERON last night strongly denied claims he made around $10million (£7million) from Greensill Capital before the lender collapsed.

BBC Panorama reported that the former prime minister pocketed $4.5 million post-tax from cashing in Greensill shares in 2019, while also earning a $1million annual salary for working as a part-time adviser to the finance firm for two and a half years, and receiving a one-off bonus of $700,000.

His spokesman said: “David Cameron did not receive anything like the figures quoted by Panorama.”

The representative had initially refused to comment on Mr Cameron’s financial package, saying it was a “private matter”, and declined to give any further details of the correct figures.

Intrigue has arisen over Mr Cameron’s remuneration from Greensill as investors in the lender stand to lose billions after it went into administration in March. The alleged details of the financial arrangement were reportedly set out in a letter, which the BBC said it had obtained, from the company to Mr Cameron. The correspondence asserted he had agreed to the deal, it was reported.

Mr Cameron began working for Greensill as a paid adviser following the end of his administration, during which he had brought Australian banker Lex Greensill, founder of the eponymous firm, into the heart of Downing Street as an adviser on supply chain finance.

Mr Cameron’s spokesman said yesterday: “David Cameron … acted in good faith at all times, and there was no wrongdoing in any of the actions he took … He had no idea until December 2020 that the company was in danger of failure.”