British PM Underfire For Allegedly Investing $500m In Tax Haven

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British PM Underfire For Allegedly Investing $500m In Tax Haven
British PM Underfire For Allegedly Investing $500m In Tax Haven

British Prime Minister Rishi Sunak has come under fire for allegedly investing $500 million in the tax haven of Cayman Islands.

Stock market filings show that Theleme has a $500m (£377m) investment in the US-based Moderna, which accounts for around 20% of all the money it manages, about $2.5bn.

Sunak allegedly invested a substantial amount of $500 million from his private funds into the pharmaceutical company Moderna.

The PM was a founding partner of Theleme Partners, a major investor in Moderna, and one of the executives managing its US office.

Furthermore, Sunak reportedly granted additional permissions for Moderna to establish vaccine production facilities within the United Kingdom.

The accusations have raised concerns about potential conflicts of interest and ethical implications, as Sunak’s investment in Moderna appears to intersect with his role as Prime Minister.

The timing and nature of the investment have led to questions about whether Sunak used his position of power to benefit financially while promoting the interests of the pharmaceutical company.

Moreover, may have breached National Security Act.

The Act warns against using knowledge obtained while secretly working for a foreign power to cause harm to citizens.