Labour challenges Nadhim Zahawi over tax and £26m business loan

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 98%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Shadow minister Pat McFadden seeks answers about chancellor and offshore family firm, and £26m loan his firm spent on property

The shadow treasury minister, Pat McFadden, has written toSince becoming chancellor after Rishi Sunak resigned earlier this month, Zahawi has faced persistent questions about his relationship to a Gibraltar-based firm, Balshore Investment, controlled by his parents.

YouGov has described Balshore Investments as “a family trust of Nadhim Zahawi”. The chancellor has insisted “he does not have, and never has had, an interest in Balshore Investments and he is not a beneficiary”. In his letter, McFadden poses a series of questions to Zahawi about these transactions and the background to Balshore Investments, including, “why did Balshore Investment receive 42.5% of the shares of YouGov at the time of its foundation?” and, “the initial YouGov accounts appear to indicate that you received no shares despite being one of the founders. Why not?”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines