Image copyright Shutterstock image caption Lex Greensill was a volunteer adviser to then Prime Minister David Cameron
Businessman Lex Greensill sometimes had an "extraordinarily good" relationship. privileged "with the government, according to a Cabinet Office report.
The report indicates that the government role of the Australian financier has given it " a platform for marketing "for his company.
Civil servants " should have taken into account "conflicts of interest, he adds.
Deputy party leader Labor Angela Rayner said the report was drawn up as "classic Boris Johnson cover-up and whitewash to protect the government ".
The inquiry also criticizes the former Prime Minister David Cameron for his lobbying efforts on behalf of Greensill 's company, which collapsed in March.
Report author Nigel Boardman said Mr Cameron had " on occasion underestimated the nature of his relationship with Greensill Capital "when he seeks to influence Treasury decisions.
However, he concluded that Mr. Cameron " n had not broken the current lobbying rules and that his actions weret not illegal ".
The government ordered an investigation when it emerged that the former prime minister pressured ministers via text message on behalf of the finance company.
At the time, Mr Cameron - who had played a role at Greensill in 2018 - was accused of attempting to exploit private contacts with former government colleagues, for his own benefit.
Greensill Capital specializes in supply chain financing - a technique to facilitate the receipt of payments by businesses.
Image copyright Reuters
During Mr Cameron's time in Downing Street, Mr Greensill worked informally for the government before becoming an unpaid adviser on supply chain finance.
Mr. Boardman says "this area of public appointments is opaque and ill-defined " but adds that this appointment appears to have been "correctly made ".
'Revolving door '
Mr. Greensill was subsequently appointed to the Secretariatto development - s Something Mr. Boardman says raises "a lot more questions " than the previous role.
He says this happened while Mr. Greensill was trying to create his UK supply chain finance company and adds that the banker was able to use his position in government to "leverage his position" with large corporations.
The work, says Mr. Boardman, allowed Mr. Greensill to "promote a product that did not, in fact, provide material benefits to the government, although it could have been beneficial to the government. his fledgling business and was of immediate benefit to his former employer, Citibank ".
He specifically criticizes former senior official Jeremy Heywood by saying it " should have been obvious ... that Mr Greensill was building a supply chain business in the UK and should have considered the issue of conflicts of interest, "says theth report.
"It is unclear why Mr Greensill was allowed to remain the government adviser on supply chain finance under these circumstances," he adds.
Lord Heywood passed away in November 2018 and Mr Boardman said readers of the report should "keep in mind " that he could not include his personal explanation of the appointment. you.
Considering communications between Greensill and government, Mr. Boardman says: "It has been argued that government lobbying management processes are insufficiently transparent, that external organizations areare able to exploit certain loopholes to better convey their messages and that a privileged few have disproportionate access to decision-makers. to government.
"I think some of these observations are warranted, particularly in the context of the investigative work I have done regarding Greensill Capital's engagement with the government . "
The report also implicates former senior official Bill Crothers, who in 2015 worked both for the government and as an advisor to Greensill.
Later this year There he quit his job in the public service and in 2016 went on to become manager of Greensill.
The report indicates that some of his behaviors towards ministries while he worked for Greensill "was on the margins of acceptable conduct " and notes that he had to apologize to theJustice Department officials for being "too forceful " in their lobbying efforts.
Angela Rayner of Labor said the terms of Mr. Boardman 's investigation had been restricted "to avoid an investigation into lobbying, privileged access and the revolving door between Whitehall and the companies".
"The rules supposed to regulate lobbying are totally inadequate and require immediate review," she added.
In response to the report, Mr Cameron said he was "glad the report provided further confirmation that I did not break any rules ".
"I have always said there are lessons to be learned, and I agree with the need for more formal lines of communication.