Skip to content

Exclusive: Egyptian billionaire’s firm’s £1.5m export deal unveiled days after Tory donation

Unatrac gave the Conservatives £125,000 in January. Six days later the firm's taxpayer-backed deal was announced. Opposition MP calls for official inquiry.

Exclusive: Egyptian billionaire’s firm’s £1.5m export deal unveiled days after Tory donation
Li Binian/Xinhua News Agency/PA Images
Published:

The British government announced a £1.5 million loan to a company owned by a Egyptian billionaire less than a week after it made a £125,000 donation to the Conservative Party, an openDemocracy investigation has found.

The Tories have been accused of giving donors “special treatment on government policy” and exchanging political favours “for large amounts of hard cash” after awarding the export finance deal to Unatrac Ltd, a company that has given more than £600,000 to the Conservatives over the past five years, according to filings with the Electoral Commission.

Liberal Democrat MP and leadership candidate Layla Moran said: “The public deserve answers, there should be an official inquiry and full transparency over any links between this donation and funding decision."