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24 lords placed under investigation over financial interests

Exclusive: Probe by the Standards Commissioner follows openDemocracy revelations of ‘shocking lack of transparency’, in one of the widest-scale breaches ever exposed

24 lords placed under investigation over financial interests
openDemocracy first revealed the financial interests that may be in breach of transparency rules
Published:

Twenty-four members of the House of Lords have been placed under investigation, after openDemocracy revealed they had not declared details of companies that they run.

The Standards Commissioner today launched an official probe into the lords – who include Tory donor Lord Bamford, Labour’s Lord Carter of Coles, and the businessman and media personality Lord Sugar.

Rules state that if a lord is a company director, they should “give a broad indication of the company’s business, where this is not self-evident from its name”. But openDemocracy found that dozens of peers have not done this.