“Tory donors among investors in Cambridge Analytica parent firm”

“Conservative party donors are among the investors in the company that spawned the election consultancy at the centre of a storm about use of data from Facebook.

Filings for SCL Group, which is at the top of a web of companies linked to Cambridge Analytica, show that since its conception in 2005 its shareholders and officers have included a wine millionaire who has given more than £700,000 to the party, a former Conservative MP, and a peer who was a business minister under David Cameron. …

From its outset as a UK-registered company, SCL Group had investors from the upper echelons of British life. Lord Marland, a successful businessman who became a minister in 2010, held shares personally and through two related investment vehicles, Herriot Limited and a family trust. …

Sir Geoffrey Pattie, a former Conservative defence and industry minister, took a key role in the company for its first three years. In a Guardian article from 2005 he is described fronting the company’s stand – which is “more Orwell than 007” – at a defence show in London. Pattie is shown to have resigned as a director in 2008.

One of Marland’s fellow investors, and the person now registered as having “significant control” over SCL Group, is a Conservative party donor called Roger Gabb.

Gabb, who introduced the Volvic water brand to the UK then went on to make millions selling wines including the Kumala label, now owns more than 25% of the company. At its formation he was named as a shareholder, as was the Glendower Settlement Trust which is linked to him and his wife.

Gabb has given £707,000 to the Tories since 2004, making contributions to the main party and his local Ludlow branch. In 2006 he gave £500,000 to the party, making him one of its largest donors at the time.

He was also a campaigner for Brexit, signing letters on behalf of the campaign as a director of Bibendum Wine, and placing an advert in local newspapers. In October 2016 he was fined £1,000 by the Electoral Commission for failing to include his name and address in the advert.

The property tycoon Vincent Tchenguiz was also a shareholder via his company Consensus Business Group. Tchenguiz donated £21,500 to the Conservatives between 2009 and 2010.

For eight years from 2005 Consensus Business Group held just under a quarter of the shares in SCL, which was valued at around £4m at the time of the investment.

The firm said it had no role in the running of the company, and had sold off its stake in 2013. It appears that it received around £150,000 for the shares.

Julian Wheatland, a close associate of Tchenguiz, was involved with SCL Group from the beginning, and is still a director at the company.

The other main players at SCL Group are Nigel Oakes, an old Etonian from a military family – his father is Maj John Waddington Oakes – and a former boyfriend of Lady Helen Windsor. Oakes had previously set up a company called Behavioural Dynamics which made many similar claims to SCL about its ability to influence voters. In 2000, it worked for the Indonesian president, reportedly without great success.

Nix, a fellow old Etonian, is reported to have joined Oakes at an earlier incarnation of SCL in 2003. Companies House data shows he is linked to 10 firms, which all appear to be linked in some way.

On Wednesday, the Scottish National party’s leader in Westminster, Ian Blackford, asked May about her party’s links with SCL, which he said “go on and on”.

“Its founding chairman was a former Conservative MP. A director appears to have donated over £700,000 to the Tory party. A former Conservative party treasurer is a shareholder,” he said. …”

https://www.theguardian.com/politics/2018/mar/21/tory-donors-among-investors-in-cambridge-analytica-parent-firm-scl-group

One thought on ““Tory donors among investors in Cambridge Analytica parent firm”

  1. I don’t think we should be surprised by this.

    We already know that the top Tory Donors donate (or invest) large sums of money with the Conservative Party in order to help them win elections. In other words, this is a very few rich individuals attempting to buy an election in their favour.

    We also already know that when they don’t like Conservative Party policies they threaten to withhold future donations. As they say, whoever pays the piper calls the tune. In this case it is those same individuals who try to buy the election who are then forcing the Conservatives to adopt policies that are favourable to them.

    I don’t call this democracy.

    So why should we be at all surprised to find that those same individuals (who cannot see how undemocratic this is and who believe that the rich should be able to dictate both election outcomes and party policies) should invest in a company whose sole aim is to do exactly that for other people of a similar mindset?

    Conservatives – for the well-off rich few, not the increasingly less well-off many

    Like

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