Private Eye on BoJob’s Connections to Libor Fiddlers

Zelo Street today put up a piece revealing that the other partner in Z Technology, the firm run by Jennifer Arcuri, the woman Boris awarded various favours while mayor of London, was Tom Hayes. Hayes had been fired from Citigroup, and was then arrested by the rozzers for fiddling the Libor rate. Zelo Street concluded

‘Tom Hayes was sentenced to 14 years in jail, which was reduced to 11 years on appeal. He and Ms Arcuri were directors of the same firm at the time she enjoyed regular contact with London’s then Mayor, who is now the Prime Minister.

This may be nothing more than a coincidence. But then again, it may not.’

See: https://zelo-street.blogspot.com/2019/09/bozo-linked-to-libor-fiddler.html

Hayes isn’t the Libor fiddler with connection to our arrogant, clownish Prime Minister. Private Eye in their edition for 12th-25th July 2019 carried an article revealing that two of BoJob’s donors were also responsible for Libor fiddling. The article, ‘Dough Nuts’ on page 5 ran

The latest register of MPs’ interests reveals Boris Johnson’s earnings from speaking engagements in the past six months alone came to £356,267.36. It also identifies the moneybags sponsoring his leadership bid.

One such is Alex Wilmot-Sitwell, who was co-chief executive of UBS’s investment banking division during the era of the Libor scandal. Here is what Andrew Tyrie MP, chairman of the parliamentary commission on banking standards, said in January 2013 of Wilmot-Sitwell and three of his UBS colleagues: “Since they’ve just acknowledged in front of us that they were ignorant and grossly incompetent… it strikes one they shouldn’t be on an approved persons list.” A month later, the bank was fined £940m by US and UK regulators for Libor rigging. 

Another of the new donors to the Johnson cause is IPGL Ltd, which gave £20,000 on 28 May. The majority shareholder in IPGL is former Tory party treasurer Michael Spencer, whose firm Icap (run by Spencer and owned by IPGL) was also fined for its role in Libor-rigging. Three years later, the Cabinet Office’s head of ethics blocked David Cameron’s recommendation that Spencer receive a peerage.

Johnson isn’t the only leadership candidate to benefit from Spencer’s largesse. In April he offered a member of staff at a cost of £28,980 to work for Dominic Raab. On 28 May he handed £20,000 to Michael Gove. A week later Jeremy Hunt got the same amount. One thing’s for sure: Spencer has backed the winner.

Which is just another little piece of information showing how corrupt BoJob’s business connections and sponsors are.

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4 Responses to “Private Eye on BoJob’s Connections to Libor Fiddlers”

  1. A6er Says:

    Reblogged this on Tory Britain!.

  2. Yvonne Lunde-andreassen Says:

    bunch of crooks,,,always have been….

  3. Remember the Libor scandal? It seems Boris Johnson is connected to it | Vox Political Says:

    […] an interesting snippet from Private Eye, highlighted by […]

  4. Michelle Says:

    thanks Beastie, I then rummaged Register of Members’ Financial Interests – 2017 TO SEPT 2019 Parliament: https://publications.parliament.uk/pa/cm/cmregmem/190916/190916.pdf

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