Greensill was approved as a lender under the Coronavirus Major Business Interruption Loan Scheme in June 2020, reportedly advancing hundreds of millions in state-supported loans to Sanjeev Gupta’s GFG and associated companies.
Dame Angela Eagle, Labor MP for Wallasey and a member of the Treasury Selection Committee, which can request evidence, including documents or testimony from witnesses, said: “I think it is in the public interest to have full transparency about what happened, at least in what refers to there are many jobs in the industry.
“There are many questions to be asked.”
Christine Jardine, spokesman for the Liberal Democratic Treasury, said: “Reports that the former prime minister was lobbying directly against the chancellor on behalf of a financial company he advised are deeply worrying.
“We need the chancellor to explain exactly what access David Cameron had to Treasury officials, what decisions were made and when. Transparency is absolutely vital in spending taxpayers’ money.” She added: “We must have better and more responsible rules about the Treasury lobby, there should be no suggestion that the distribution of public money can be influenced by the personal relationships of politicians.”
Shadow Labor Chancellor Anneliese Dodds said: “This is public money and the processes involved in decision-making must be completely transparent and faultless. We need a thorough and thorough investigation of what happened here. “
Greensill’s funding helped GFG to grow rapidly following the purchase of the Newport steelworks in South Wales in 2013.
It purchased Lochaber aluminum smelter, Whyalla steelmaker in Australia, Georgetown steelmaker in South Carolina and Rio Tinto’s Dunkerque smelter, among others, to develop a $ 10 billion empire with 35,000 employees
A Treasury spokesman HM said: “Treasury officials meet regularly with stakeholders to discuss our economic response to Covid.
“The meetings in question were mainly aimed at widening the scope of the CCFF to allow access to financing suppliers in the supply chain, which – after a request for evidence and discussions with several other companies in the sector – we decided against and informed the companies in cause.”
Cameron did not return a request for comment. There is no suggestion that Mr. Cameron acted illegally.
A Greensill spokesman declined to comment.