‘Anti-poverty’ fat cats live in luxury
Damning documents obtained under the Freedom of Information Act reveal eye-watering expenses claims by officials at the Commonwealth Development Corporation.
Taxpayers were billed for a £700 dinner by Sir Malcolm Williamson, the CDC’s chairman for five years up until 2009, at London’s Michelin-starred L’Autre Pied restaurant.
Another executive at the Government quango, Anubha Shrivastava, claimed £530 for a night at the Four Seasons Hotel in Hong Kong, while Richard Laing, the chief executive, who is paid £970,000 a year, claimed £7,414 in expenses.
Miriam de Lacy, the CDC’s communications director, said: “The expenses we incur are reasonable.”
The CDC was set up after the war to invest in the world’s poorest countries. It has access to Government funds of £2.5billion.
That makes Georgie's job a bit easier, another simple cut.
UPDATE - The CDC defends itself...
CDC: this non-quango doesn’t take money – it makes money | The Times... before you write off CDC — formerly the Commonwealth Development Corporation — as another indulgent quango, take five minutes to find out who we really are and why we are needed. We are not a quango or a charity. We take no government money. Instead, we are a company that is fully owned by the Government, whose job is to stimulate economic growth in poor countries by backing promising private-sector businesses that find it hard to secure long-term risk capital.