The Parliamentary Treasury Committee has released its report on the bankruptcy of the expert on short-term business loans and its political and financial changes.
The Parliamentary Treasury Committee said on Tuesday that the affair in Greens and the pressure exerted on officials by former Prime Minister David Cameron showed the inadequacy of the rules governing campaigns in the United Kingdom.
This powerful commission released its report on bankruptcy in March in Greens, an expert on short-term debt to companies and its political and financial changes.
David Cameron, a consultant for Greensill, has been at the center of the case, and has provided the company with relentless campaigns by political and financial officials to access government assistance programs during epidemics.
In a statement, the commission believes that “although Mr Cameron has not violated the rules governing the campaigns of former ministers, they are not enough and there is room to strengthen them.”
It has been more than two years since the former prime minister resigned and took office in Greens and has done nothing illegal.
The Commission now expects the Treasury to implement procedures to deal with the campaigning efforts of former prime ministers or simple ministers.
He believes the Treasury should have encouraged Mr Cameron to use more formal communication channels than text or WhatsApp messages sent directly to top treasury officials, including the finance minister.
The report highlights the “lack of pronounced judgment” on the methods used by the former prime minister.
But the commission believes the authorities made the right decision in rejecting his claims.
The Conservative MP said treasury officials “behaved with absolute and utmost honesty”. And group chairman Mel Strait said.
“I am pleased that the report confirms that I have not violated any rule and I share its key conclusions,” he said. Cameron responded for his part, believing it would be wise to change the rules regarding campaigning.
“Communications of this nature should only be done through more formal channels in the future,” he said.
“I have always acted in good faith and I did not know until the end of last year that capital in Greens was threatened with bankruptcy,” he assures us.
At the same time, Mel Strait says the issue helps draw “many lessons about the functioning of our financial system”.
In particular, the bankruptcy of Greensill, which is not a bank, highlights the risks surrounding the non-bank financial sector, which is not controlled in the same way. In particular, it demands that more data be released in this field to avoid over-risk.
Finally, the more than 70-page report emphasizes the close relationship between Greens and Steel President Sanjeev Gupta’s GFG Alliance team.
GFG, which has been facing financial problems since the lender went bankrupt, is also being investigated on suspicion of fraud and money laundering.
The SFO (Serious Fraud Office), equivalent to the Financial Lawyer’s Office, is particularly interested in its dealings with the Greens.