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Former UK PM’s brother quits board of Elara Capital days after it was accused of using funds to manipulate share prices
Jo Johnson, the younger brother of the former prime minister Boris Johnson, has resigned as a director of a London-based investment bank allegedly linked to the Indian billionaire Gautam Adani’s crisis-ridden business empire.
Lord Johnson, a former Conservative minister who was given a peerage by his brother in 2020, resigned from the board of Elara Capital on Wednesday just days after Elara was accused of using Mauritius-based funds to manipulate the share price of Adani-linked companies and obscure their ultimate ownership.
The Irish prime minister, Leo Varadkar, has warned that there is “no such thing as a clean break” – Brexit deal or no Brexit deal – with difficult and complex negotiations on the future relationship with the EU whatever the outcome of talks. In a speech in Dublin to the British and Irish Chambers of Commerce, he has said:
If there is no deal – and I believe we may have to live with no deal for a period – then, at a certain point, we will have to begin negotiations again. The first and only items on the agenda ... will be citizens’ rights, the financial settlement with the EU and a solution to the Irish border.
Whatever happens, Ireland will not be dragged out of the single European market.
Recently, Prime Minister Johnson and I spoke by phone. We spoke of our shared desire to see the Northern Ireland political institutions reinstated. We shared our perspectives on the withdrawal agreement and agreed that our teams would establish one-to-one contact.
We will meet again in Dublin on Monday. Unfortunately, given political developments in the UK, there is a significant and growing risk of no-deal.
Here’s some more detail on the criticism of Johnson from the West Yorkshire police and crime commissioner, Labour’s Mark Burns-Williamson:
To use police officers as the backdrop to what became a political speech was inappropriate and they shouldn’t have been put in that position.
It clearly turned into a rant about Brexit, the opposition and a potential general election. There’s no way that police officers should’ve formed the backdrop to a speech of that nature.
Yes, because he’s used the pretence of an announcement around police recruitment for mainly a political speech.