David Cameron Denies Receiving £10 Million Payment from Greensill Capital

David Cameron has refuted claims that he received a £10 million fee from the now-defunct finance company Greensill Capital, while opting not to reveal his advisory income.

On a BBC interview, the former prime minister, now a member of the House of Lords, did not specify his earnings despite questions about his involvement with Greensill, a firm under scrutiny for alleged fraud in two countries. BBC Panorama reported that he made close to £8.2 million advocating for Greensill.

Cameron insists he has reported all his financial dealings as required by government rules. During the interview, he emphasized his private citizen status post-resignation as PM but has since abandoned all external roles upon his return to politics.

As Foreign Secretary, Cameron has briefed the House of Lords' Standards Commissioner on his past corporate associations. It is the government's prerogative, he stated, to determine the disclosure of financial details to the public.

Greensill Capital went bankrupt in March 2021; its CEO Lex Greensill once benefited from having an office at 10 Downing Street during Cameron's leadership.

Cameron, later Greensill's advisor, unsuccessfully lobbied for the firm's participation in the CCFF during the pandemic, a move that, if successful, would have backed loans to businesses with government guarantees. The company's failure led to 440 job losses and potentially massive investor losses.

Active criminal probes in Germany and Switzerland name Greensill as a suspect in alleged fraud. Following the controversy surrounding Cameron's Greensill lobbying efforts, several investigations were launched in Westminster.

Greensill has countered MPs' allegations of running a fraud or Ponzi scheme, attributing the company's downfall to insurers pulling their coverage.