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Ben Gummer Donations: city bankers

Sunday , 4, June 2017 Leave a comment

Ben Gummer’s donations is full of big names in the city. He has received at least £63,500 from the city and quite a few of the donors have made headlines.

He has received £40,000 from Mr Andrew J Cook over 3 payments (£25k, £10k, £5k).

YORKSHIRE industrialist Sir Andrew Cook, a pro-Remain activist who has donated more than £1.2m to the Conservative Party, says he will withdraw his financial support from the Tories if Theresa May pulls Britain out of the single market.

He has received £10,000 from IPGL Ltd (the holding company has over half a billion pounds in share capital) through main man Michael Spencer through two £5k payments.

Michael Spencer is a close personal friend of David Cameron and has raised millions of pounds from City donors for the party. Mr Cameron has previously made three attempts to win a peerage for Mr Spencer, who was his first Conservative party treasurer when he became leader in 2006.

Once dubbed the City’s richest man, he served until 2010 and helped to put the party onto a sound financial position- moving the party from a deficit of £8million into credit of £75million.

But he is no stranger to controversy and political scrapes. Mr Spencer is the millionaire chief executive of spread betting firm Icap, which was fined £55m for its role in the Libor-rigging scandal.

Has has received £10,000 from Nicholas D Jenkins of Moonpig fame.

He has received £2,500 from Christopher Moran & Co Ltd. About Christopher Moran

Christopher Moran was born in modest circumstances in north London, and estimates of his wealth nowadays hover around the £200m mark.

But Mr Cameron made no mention of Mr Moran yesterday – nor is he likely to in the immediate future. Instead, The Independent on Sunday has been told, the party has been desperately trying to conceal his financial support. The property tycoon is said to be one of several secret lenders to whom the Tories paid back a total of £5m to prevent their identities from being revealed last week.

At the time, the party suggested that the hurried repayments on the eve of a deadline set by the Electoral Commission were to honour confidentiality agreements made with the lenders. The truth, insiders suggest, was in most cases to spare the party’s own blushes.

Mr Moran made his first million by the age of 21, only to see his reputation ruined when, in 1982, he was expelled from Lloyd’s of London, for “discreditable conduct”. He was censured by the Stock Exchange four years later and in 1992 fined $2m (£1.15m) in New York for insider dealing.

None of this has stopped him from becoming, by his own reckoning, “astronomically wealthy”. He owns the 48,000-acre Glenfiddich sporting estate in Scotland and has a passion for first-growth clarets and the opera. But it is his ownership of Crosby Hall that excites most interest. He bought the freehold to the 15th-century Tudor masterpiece on the banks of the Thames in Chelsea’s Cheyne Walk for just £100,000 in 1989. He quickly succeeded in displacing the tenants and has spent an estimated £25m building a 30-bedroom home.

He has received a £1000 donation from pro-Brexit city tycoon Peter A Cruddas.

A pattern is clear how donations have shaped the Tory party in their in or out stance on the EU. To be clear, many of these big names have spread their Tory party donations over every or a large number of constituencies.

 

 

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