MEP hides secret finance firm while sitting on Euro monetary committee

A UKIP MEP is sitting on the European Parliament’s top finance committee without declaring a potentially conflicting interest in a secret company, Political Scrapbook can reveal. UKIP’s Godfrey Bloom, a member the influential Committee on Economic and Monetary Affairs (ECON), has withheld details of his investments advisory firm from EU officials.

European Parliament regulations state that:

“any financial interest that may cause a conflict of interests will … have to be disclosed”.

But Bloom’s ECON responsibilities could have a direct impact on his secret business: TBO Investments, of which Bloom is the majority shareholder, offers advice on “tax planning” whilst ECON describes its responsibilities as including, errrr, “taxation and competition policies”.

Perpetually thirsty Bloom, who Scrapbook previously exposed for addressing the parliament having consumed an apparently incapacitating cocktail of drink and drugs, served as director and senior manager of TBO until 2004, but has since remained the majority shareholder in the company.

The murky revelations won’t help his bid to become Humberside’s first ever police and crime commissioner.

3 Comments

  1. Freyda
    Posted October 23, 2012 at 8:13 am | Permalink

    These PCCs posts must be lucrative with so many MPs and MEPs willing to jump of the gravy train to get one.

  2. Posted October 23, 2012 at 9:28 am | Permalink

    If he has been dishonest and contravened civil law, he should be arrested and charged.
    If he has simply broken European parliamentary rules, he should be disciplined.
    He is a modest man with much to be modest about.

  3. Posted November 1, 2013 at 6:01 pm | Permalink

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