Tory health minister promised to sell shares in health firm – but didn’t. Is this the reason?
Lord Markham: his word is about as much use as that of Rishi Sunak’s in-laws’ firm, Infosys, it seems.
This Writer has a certain amount of sympathy with Tory health minister Lord Markham.
He may have promised to sell his shares in private health screening firm Cignpost, that made a fortune from Covid testing, a year ago and failed to do so, but he’s not the first.
Prime Minister Rishi Sunak’s wife’s dad’s firm Infosys promised to stop operating in Russia after that country invaded Ukraine – but was still there, picking up contracts, eight months later (to my knowledge).
If that firm – and the prime ministerial in-laws who run it – can ignore its promises, why can’t Markham?
After all, they’re all in it together – right?
A Tory health minister still owns a major stake in a private health screening firm making money from the crisis in the NHS a year after promising to sell it, the Mirror can reveal.
Lord Markham annouced last January that he was “undertaking to sell my stake” in Cignpost, a private Covid testing firm which made a fortune from the pandemic. But Company House records for Cignpost Investments Limited still show Markham owning between 25% and 50% of the business.
Cignpost has filed accounts showing that revenue soared by 467% to £278m in 2022, thanks to booming business helping firms comply with covid rules. The company has £52m cash in the bank and shareholder funds are up 150% from last year. Cignpost also offers mobile health screening, including heart health assessments and skin screening, which can be done in “your board room, staff car park or a third-party venue”.
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