Saturday, January 12, 2008

Fidelity: “links” to Darfur and “disgusted, Tonbridge Wells”


Quick update on the work of super investment sleuth, Tom P and his continuing investigation into investment Fund manager, Fidelity, who are exposed as major financial contributors to the Conservative Party. In recent years they have donated £415, 500 to the Tories despite not declaring this to potential customers such as Council pension funds.

Tom has also pointed out that during the recent Parliamentary debate on political party funding, Fidelity’s sponsorship of the Tories was mentioned and it was pointed out by Lib Dem MP David Heath, that Fidelity “deals with those who are creating the circumstances of genocide in Darfur” (Hansard). Check out “Fidelity out of Sudan

Not only this, Tom finds out that Fidelity directly employs former minister, Tory MP for Tunbridge and Malling, (and former PPS to Margaret Thatcher) Sir John Stanley as a “consultant”. He also appears to be paid as a director of a Fidelity investment trust. Jobs for the boys? It is a little unclear what he advises Fidelity upon. Is it on political donations?

Finally, Tom has also ferreted out Fidelity support of Pro-Tory business pressure group called The Enterprise Forum . They sponsored last year a breakfast meeting addressed by Philip Hammond MP - Shadow Secretary of State for Work & Pensions.

2 comments:

Anonymous said...

That's a great bit of investigative jounalism.....Here is another lead...apparently JP Morgan has paid Tony Blair half a million quid to act as an advisor?..oh my gawd!...what about all the customers who now have the guy who helped start the Iraq war with a load of lies..as their financial advisor? This seems even more sinister! Get some perspective man!

John Gray said...

Hi Anon

Well, as far as I am aware JP Morgan does not financial support the Conservative party. My trade unions member’s pensions are not being used without their knowledge (never mind permission) to fund a political party that many of them (not all) fundamentally do not agree with.

...and of course the "blessed" Tony did not tell any porkies over Iraq.