Mark Thatcher breaks silence
Monday 31 October 1994
In an interview with the Financial Times, Mr Thatcher criticised newspaper ``innuendo'' about his business dealings and said he was not worth more than pounds 5m. He also said new revelations that backing for one of his biggest deals came from some of his mother's closest business supporters were ``not significant''.
Contradicting press reports, he said his friendship with Syrian-born financier Wafic Said did not net him a pounds 12m fortune in the Al Yamamah arms deal between Saudi Arabia and the UK: ``Merely because I know this man does not mean to say that he is going to pay me pounds 12m because I am a nice guy.
``It would be significantly wrong to conclude I am worth more than pounds 5m. There is nothing to support it apart from innuendo. The whole idea that I have had tremendous success is just a myth.''
The latest revelations about Mr Thatcher are that backing for a huge US investment deal had come from some of Margaret Thatcher's closest business supporters.
The Financial Times says two donors to the Conservative Party - Hanson, a UK-quoted conglomerate, and Li Ka-Shing, a Hong Kong billionaire - invested in a consortium put together by Mr Thatcher and his then partner, Bruce Leadbetter. Other investors in Emergency Networks, the Dallas-based company in which Mr Thatcher and his partners invested, included Bruce Babbitt, the US Interior Secretary.
Company faces ruin, page 2
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 Doctors remove 80 teeth from boy's jaw
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
- 5 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
Germany and ECB set for fight over money-printing
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
£32000 - £40000 per annum: Recruitment Genius: A Business Manager is required ...
£45000 - £55000 per annum: Recruitment Genius: This is an exciting opportunity...
£20000 per annum: Recruitment Genius: Panel Wireman required for small electro...
£25000 - £27000 per annum: Recruitment Genius: An SME based in East Cheshire, ...