Home Business NewsPolitics News Clegg in cash for honours row as top Lib Dem donors lined for peerage

Clegg in cash for honours row as top Lib Dem donors lined for peerage

by LLB Editor
17th Jun 13 11:43 am

Deputy Prime Minister Nick Clegg might see himself in the middle of a “cash for honours” controversy as two of the biggest Lib Dem donors are being lined up for peerages.

The Times reports that Rumi Verjee, a tycoon who is said to be worth £125m and was appointed a CBE in 2009, has topped the list of honours composed by the Lib Dems.

Verjee, known for bringing Domino’s pizza to the UK, has donated £770,000 to the Lib Dems since May 2010.

Sudhir Choudhrie, the other multi-millionaire donor in question, is on an internal party list of future peers. Choudhrie and his family are known to have given £650,000 to the party since 2004.

Both the donors are known to have links in foreign tax havens. A source told the paper that Both Verjee and Choudhrie are “little known in party circles”.

“No one has heard of these people. They are money men,” the source added.

Choudhrie has stakes in the healthcare company C&C Alpha Group, whose parent company Harberry Investments is registered in the British Virgin Islands.

Verjee, on the other hand, runs Brompton Capital, a firm owned by Integro Nominees (Jersey) Ltd. However, the firm is now believed to be onshore.

“This is completely toxic,” one senior Lib Dem told The Times. “The timing could not be worse for Nick with the G8 [summit].”

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