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The Labor Party is calling for an investigation following allegations that Boris Johnson helped arrange loan guarantees for up to 800,000 weeks before he was recommended by the then-Prime Minister.
The party sent a letter to Standards Committee member Daniel Greenberg following the report. Sunday Times That Tory donor Richard Sharpe was involved in negotiations about funding Johnson when he ran into financial trouble in late 2020.
According to the newspaper, Mr. Sharp introduced him to Sam Bryce, a billionaire businessman from Canada, who offered to become the guarantor of the then-Prime Minister’s line of credit.
Johnson, Sharpe and Bryce later had dinner at Checkers before the loan was finalized, but denied discussing the prime minister’s finances, according to The Sunday Times.
In January 2021, the government chose Mr Sharp, a former Goldman Sachs banker, for the BBC post.
A spokesperson for Johnson dismissed the report as “rubbish” and claimed his financial arrangements were “properly declared.”
“Richard Sharp never gave Boris Johnson financial advice, and Mr Johnson never sought financial advice from him.
Commenting on Johnson’s private dinner with old friend Sharp and distant relative Bryce, a spokesperson said: Big deal.
Sharp told the Sunday Times:
A BBC spokesman said: “The BBC was not involved in the recruitment of the chairman and the question was a matter for the government.”
In a letter to Mr Greenberg, Labor Party Speaker Annelise Dodds said that “holders of public office should not owe any financial or other obligations to outside persons or organizations” and that the behavior of MPs Citing the Code, it called for an “urgent investigation.” It may affect their performance of official duties. ”
She told the Standards Board that Mr Johnson “may have violated this section by asking individuals to facilitate loan guarantees he would later appoint as a senior civil servant.” Said there was
“Like the issues raised over Mr. Bryce, the lack of transparency around it could give the impression that this was a pay-for-you arrangement,” she added.
This comes after Labour earlier this week called for an investigation into reports that Mr Johnson had used $50m worth of Mr Bryce as guarantor for a £800,000 loan facility.
Mr. Dodds expressed concern that neither arrangement was properly declared.
“We have to ask Johnson some serious questions: Why is this money undeclared and what did he promise these very generous friends in return for such a sumptuous loan? ?”
Press association additional coverage