Here’s an interesting snippet from Private Eye, highlighted by Beastrabban:
Private Eye in their edition for 12th-25th July 2019 carried an article revealing that two of BoJob’s donors were also responsible for Libor fiddling. The article, ‘Dough Nuts’ on page 5 ran
The latest register of MPs’ interests reveals Boris Johnson’s earnings from speaking engagements in the past six months alone came to £356,267.36. It also identifies the moneybags sponsoring his leadership bid.
One such is Alex Wilmot-Sitwell, who was co-chief executive of UBS’s investment banking division during the era of the Libor scandal. Here is what Andrew Tyrie MP, chairman of the parliamentary commission on banking standards, said in January 2013 of Wilmot-Sitwell and three of his UBS colleagues: “Since they’ve just acknowledged in front of us that they were ignorant and grossly incompetent… it strikes one they shouldn’t be on an approved persons list.” A month later, the bank was fined £940m by US and UK regulators for Libor rigging.
Another of the new donors to the Johnson cause is IPGL Ltd, which gave £20,000 on 28 May. The majority shareholder in IPGL is former Tory party treasurer Michael Spencer, whose firm Icap (run by Spencer and owned by IPGL) was also fined for its role in Libor-rigging. Three years later, the Cabinet Office’s head of ethics blocked David Cameron’s recommendation that Spencer receive a peerage.
Johnson isn’t the only leadership candidate to benefit from Spencer’s largesse. In April he offered a member of staff at a cost of £28,980 to work for Dominic Raab. On 28 May he handed £20,000 to Michael Gove. A week later Jeremy Hunt got the same amount. One thing’s for sure: Spencer has backed the winner.
Which is just another little piece of information showing how corrupt BoJob’s business connections and sponsors are.
The scandal over LIBOR (the London InterBank Offered Rate of interest, calculated through submissions of rates by major banks across the world) broke out when it was discovered in 2012 that banks had been falsely inflating or deflating their interest rates to profit from trades, or to give the impression that they were more creditworthy than they were.
The Beastrabban piece links also to a Zelo Street article connecting Jennifer Arcuri – to whom Mr Johnson is alleged to have shown inappropriate favouritism during his time as London Mayor – with convicted LIBOR fiddler Tom Hayes.
So it seems people with connections to the LIBOR scandal added their support to Mr Johnson’s Tory leadership campaign – and we’re hearing that people who supported him are trying to rig Brexit in order to make billions of pounds from the damage “no deal” would cause (plummeting pound, skyrocketing inflation).
It seems Mr Johnson’s connection with all these alleged fiddlers is so strong that, when he retires from politics, he should probably join them in a string ensemble.
Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.
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