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09.12 - 18:35
David Cameron lobbied Lloyds director to save Greensill pharmacy deal
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theguardian.comDavid Cameron lobbied a director of Lloyds Banking Group, whom the former prime minister had given a peerage, to reverse the bank’s decision to withdraw support from Greensill Capital, which it later did.
Cameron appealed to James Lupton, a Conservative peer who had served as party treasurer and donated more than £3m to the Tories, to urge the bank not to withdraw funding from Greensill’s supply chain financing of NHS pharmacies.
After his lobbying of Lord Lupton in January, the bank reconsidered its decision and agreed to continue providing financial support to Greensill, according to the Financial Times, which first reported the story.
Greensill, which paid Cameron millions of pounds as an adviser, collapsed into administration two months
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