From Russia with Lubov? Tory party funding questions dodge the front pages

The Conservatives are under fire over alleged Russian interference – but it’s off the agenda today…

On Monday night, BBC Panorama aired ‘Banking Secrets of the Rich and Powerful’ – highlighting Tory party donors with close ties to the Kremlin.

The programme revealed that Lubov Chernukhin – one of the Conservative party’s biggest donors and the wife of a former deputy finance minister in Vladimir Putin’s government – has given £1.7m to the Tories, including paying to spend time with the last three prime ministers.

Leaked files, known as the FinCEN files, show her husband received £6.1m in 2016 from a British Virgin Islands company linked to Suleyman Kerimov, a politician facing US sanctions due to his close links with Putin. Chernukhin denies her donations are tainted by Kremlin interference.

Earlier this year, the Tory government was criticised over its “shocking failure” to act on Russian interference in the UK’s democratic process following the publication of the long-delayed Russia report.

BBC Panorama also reported how criminals were able to use anonymous British companies to hide their money, an issue that we’ve long-highlighted on Left Foot Forward.

Transparency campaigners have long demanded that the UK Government introduces a robust and transparent system of company registration, to combat money launderers’ attempts to register entities for illicit purposes.

The story has managed to dodge today’s front pages given the worsening state of the coronavirus crisis. Eleven of the twelve UK national papers focus on the tightening of Covid restrictions today.

SNP Shadow Chancellor Alison Thewliss MP said: “The Tory government’s shocking failure to address Russian interference in British politics and the UK’s democratic processes is laid bare once again. The Tories also have further serious questions to answer over their party’s funding.

“If the Tories are serious about accountability and tackling interference from the Kremlin, then a full investigation must take place and the £1.7m donation must be handed back to Mrs Chernukhin. If they do not then it’s clear they believe it’s one rule for the Tory elite and another for the rest of us.

“The limited scrutiny by Companies House when registering an entity is extremely concerning. It is baffling that anything else, such as a tax return, passport or driving licence application, is required to go through the UK government’s verification scheme, but Companies House does not have similar requirements. This needs to change.

In Scotland, Scottish Limited Partnerships (SLPs) have been used for years to funnel millions of pounds of dirty money created by illicit business activities – due in part to the lack of proper checks by Companies House. The Tories have failed time and again to take the tough action needed to stop this.

Thewliss added: We need tough action now – not empty words every time Panorama uncovers evidence of another dirty money scandal.”

Shadow Security Minister Conor McGinn added: “It’s deeply concerning to see reports that there are Tory donors with such close financial ties to the Kremlin. The scathing Intelligence and Security Committee of Parliament report on Russia was clear that protecting our democratic discourse and processes from hostile foreign interference is a central responsibility of Government, and should be a ministerial priority.

“These revelations create serious questions for the Government to answer about how effectively they are discharging that duty and whether there are any conflicting interests that have emerged as a result of these donations.”

Boris Johnson will be chuffed that the new restrictions are keeping this party funding scandal out of the news…

Josiah Mortimer is co-editor of Left Foot Forward.

As you’re here, we have something to ask you. What we do here to deliver real news is more important than ever. But there’s a problem: we need readers like you to chip in to help us survive. We deliver progressive, independent media, that challenges the right’s hateful rhetoric. Together we can find the stories that get lost.

We’re not bankrolled by billionaire donors, but rely on readers chipping in whatever they can afford to protect our independence. What we do isn’t free, and we run on a shoestring. Can you help by chipping in as little as £1 a week to help us survive? Whatever you can donate, we’re so grateful - and we will ensure your money goes as far as possible to deliver hard-hitting news.

Comments are closed.