Labour Accuse Jeremy Hunt of Breaking Money Laundering Laws In Luxury Flat Scandal

Labour has reported Health Secretary Jeremy Hunt to the parliamentary commissioners for standards after he failed to register his 50% stake in a luxury property firm.

It took six months for Hunt to declare his interest in Mare Pond Properties, a firm he set up in partnership with his wife with the intention of purchasing seven luxury flats in a Southampton development scheme.

There is little doubt that Hunt’s interest is purely speculative. With the entire country gripped in a chronic housing crisis, even the investment itself has been questioned. Should government ministers be involved in profiting from the runaway housing bubble?

But his failure to declare the interest is the main point of contention. Labour have accused him of breaching anti-money laundering laws.

Jon Trickett MP, Labour’s Shadow secretary for the Cabinet Office said:

"It appears Jeremy Hunt has taken part in illegal activity in his failure to declare his involvement in a luxury flat investment.

"This is simply unacceptable and especially so given the secretary of state's position at the heart of Theresa May's government.

"Labour will today refer Jeremy Hunt to the standards commissioner to look into this serious breach. He should have had the decency to refer himself rather than sweep this under the carpet."

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