Monday 11 April 2016

The Revolving Door

From The Daily Mail:

The HMRC chief who will oversee the Panama Papers inquiry used to work at a law firm that acted for the fund set up by David Cameron's late father, it has been reported.

Edward Troup, the executive chairman of HMRC, is a former partner at Simmons & Simmons, which reportedly represented Ian Cameron's Blairmore Holdings and other offshore companies named in the leak.

HMRC has been given in a lead role in the £10 million taskforce launched to investigate allegations of wrongdoing highlighted in the 11 million files leaked from Panamanian law firm Mossack Fonseca.

HMRC chief Edward Troup, left, is a former partner at Simmons & Simmons, which reportedly represented Ian Cameron's (right) Blairmore Holdings and other offshore companies named in the Panama Papers leak.

The revelation has prompted renewed calls for an independent inquiry from Labour, with shadow chancellor John McDonnell saying it must have the 'full confidence of the British people'.

Simmons & Simmons' name appears on dozens of emails and documents in connection with a number of companies registered with Mossack Fonseca, according to the Guardian.

Some date back to 2003, when Mr Troup was still a partner. The first leaked correspondence regarding Blairmore Holdings date from 2005, a year after Mr Troup left to join the Treasury. He joined HMRC in 2013 and was named chief executive in April.

4 comments:

Bayard said...

Safe pair of hands

Lola said...

It's the same between the Financial Catastrophe Authority and the Banks.

Also between outfits like McKinsey and the Treasury.

Bent as fucking staples.

Nessimmersion said...

Maybe it should be someone from an "ethical" organisation like oh I don't know the Co-op maybe, what could possible go wrong.

Mark Wadsworth said...

B, L, yup.

N, that would be just as bad and you know it.