Adam Afriyie: rising Tory star’s business past comes under scrutiny – The Guardian

hen Adam Afriyie sold his political data business, DeHavilland, for 18m, only months after his 2005 election to the House of Commons, it looked as if the fledgling MP had secured a strong financial platform to support his vaulting political ambition.

His 72% stake in the company netted him 13m and one of the Conservative party’s first black MPs – sometimes dubbed the “Tory Barack Obama” – was at one stage reputed to be worth 100m.

Yet this week, HMRC submitted a petition to the high court to have him declared bankrupt over an unpaid bill for at least 1.7m in taxes from his crumbling business empire. Companies House filings suggest that Afriyie’s businesses collapsed owing a total of 2.3m.

Afriyie’s position as an MP, in the safe Windsor constituency he has represented since his political debut, does not appear to be under imminent threat.

But parliamentary rules mean that he would have to stand aside if a bankruptcy restrictions order is made against him. These can be imposed if the…

Read Full Story: https://www.theguardian.com/politics/2021/nov/10/adam-afriyie-rising-tory-stars-business-past-comes-under-scrutiny

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