Dominic Raab Pockets £73,000 In Donations From Financiers Linked To Tax Havens

Tory leadership favourite Dominic Raab has netted £73,000 in donations from financiers linked to tax havens. The donations include £29,000 for a staff member in Raab’s office from the IPGL hedge fund, which is owned by ex-Tory treasurer Michael Spencer. Spencer’s hedge fund was named in the Paradise Papers in connection with a subsidiary based in Bermuda. Private banking group Arbuthnot donated £44,000 to Raab’s office. The bank’s owner Henry Angest is also named in the Paradise Papers in connection with a subsidiary of his bank based in Barbados. Overall, Angest has donated nearly £7m to the Conservative Party.