Fox 'request over Werritty company'

Liam Fox personally approached a prominent venture capitalist to ask him to help bankroll a company run by his friend Adam Werritty, it was claimed tonight.



Jon Moulton said that following last year's general election he was asked by Dr Fox to provide funds to the firm, called Pargav, which he was told was involved in "security policy analysis and research".



According to a report today in The Times, Pargav Ltd was set up as a not-for-profit company by Mr Werritty and was used to fund his jet-set lifestyle following Dr Fox on international engagements around the world.



Other backers were said to include a property investor involved in promoting Israel, and a corporate intelligence company with a close interest in Sri Lanka.



In a statement issued following Dr Fox's resignation, Mr Moulton said: "Before the last election I had made several, on the record, donations to support Dr Fox following a request to do so from a Conservative Party fundraiser.



"After the election I was asked by Dr Fox to provide funds to a non-profit group called Pargav involved in security policy analysis and research and after obtaining written assurances as to its activities I provided personal funding to Pargav.



"Neither I, nor any of my associates, have sought or received a benefit of any form from Pargav. I have not received an account of Pargav's activities, nor have I been involved at all with Pargav, since funding. I will not be doing this again."



It was not clear whether the prospect that the claims that Dr Fox sought funds for Mr Werritty's company were about to surface played any part in his decision to stand down.



















Earlier this week, Dr Fox told the Commons that although Mr Werritty - his best man and former flatmate - had joined him on 18 overseas visits since he became Defence Secretary, he was "not dependent on any transactional behaviour to maintain his income".



A spokesman for one of the reported donors to Pargav - the investment company Tamares Real Estate - confirmed today that it had paid £3,000.



Tamares is owned by Poju Zabludowicz, the chairman of Bicom- an organisation which promotes understanding of Israel in Britain.



The spokesman said that Mr Zabludowicz had made the payments in order to support Pargav's work promoting peace in the Middle East - including arranging round table dialogues.



He said that Pargav appeared to be a continuation of one of Mr Werritty's previous companies, Security Futures, which was dissolved last year.



"Poju made a contribution to Security Futures for its peace promotional work and the latest invoice came in from Pargav. He understood it to be a continuation of that organisation's activities," the spokesman said.



Pargav is listed as having an office in Goswell Road in Clerkenwell, north London, although there appears to be no telephone number listed.



According to The Times, Pargav's sole director is Oliver Hylton - a charity adviser to the CQS hedge fund and a former director of Security Futures.



CQS's chief executive, Michael Hintze, is reported to have given Mr Werritty a desk and telephone line at the firm's London offices to run another organisation, Atlantic Bridge, which was wound up earlier this year after losing its charitable status.



Mr Hylton told The Times that Mr Werritty had asked him to become a director of Pargav in June last year.



"He came into my office and said I want to set up a new company. It sounds ridiculously naive in hindsight but I agreed. I signed the documents and nothing more," he said.



He added that he had regarded Mr Werritty as "an adviser of some sort" to Dr Fox.



"Anything he did was for the good of Liam Fox and supporting his office," he said.



PA

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Massage Therapist / Sports Therapist / Physio / Osteopath

£12000 - £24000 per annum: Recruitment Genius: An opportunity has arisen for o...

Recruitment Genius: Account Manager / Sales Executive - Contract Hire

£35000 - £60000 per annum: Recruitment Genius: This industry leader provides c...

Recruitment Genius: Project Coordinator

£28000 - £30000 per annum: Recruitment Genius: A Project Coordinator is requir...

Recruitment Genius: Area Sales Manager - Midlands

£20000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...

Day In a Page

John Palmer: 'Goldfinger' of British crime was murdered, say police

Murder of the Brink’s-MAT mastermind

'Goldfinger' of British crime's life ended in a blaze of bullets, say police
Forget little green men - aliens will look like humans, says Cambridge University evolution expert

Forget little green men

Leading evolutionary biologist says aliens will look like humans
The Real Stories of Migrant Britain: An Algerian scientist adjusts to life working in a kebab shop

The Real Stories of Migrant Britain

An Algerian scientist struggles to adjust to her new life working in a Scottish kebab shop
Bodyworlds museum: Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy

Dying dream of Doctor Death

Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy
UK heatwave: Temperature reaches 39.8 degrees on Central Line - the sweatiest place in London

39.8 degrees recorded on Tube

There's hot (London) and too damn hot (the Underground). Simon Usborne braved the Central line to discover what its passengers suffer
Kitchens go hi-tech: From robot chefs to recipe-shopping apps, computerised cooking is coming

Computerised cooking is coming

From apps that automatically make shopping lists from your recipe books to smart ovens and robot chefs, Kevin Maney rounds up innovations to make your mouth water
Jessie Cave interview: The Harry Potter star has published a feminist collection of cartoons

Jessie Cave's feminist cartoons

The Harry Potter star tells Alice Jones how a one-night stand changed her life
Football Beyond Borders: Even the most distruptive pupils score at homework club

Education: Football Beyond Borders

Add football to an after-school homework club, and even the naughtiest boys can score
10 best barbecue books

Fire up the barbie: 10 best barbecue books

We've got Bibles to get you grilling and smoking like a true south American pro
Wimbledon 2015: Nick Bollettieri - Junk balls and chop and slice are only way 5ft 1in Kurumi Nara can live with Petra Kvitova’s power

Nick Bollettieri's Wimbledon Files

Junk balls and chop and slice are only way 5ft 1in Kurumi Nara can live with Petra Kvitova’s power
Ron Dennis exclusive: ‘This is one of the best McLaren teams ever – we are going to do it’

‘This is one of the best McLaren teams ever – we are going to do it’

Ron Dennis shrugs off a poor start to the season in an exclusive interview, and says the glory days will come back
Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

Just when you thought your commute couldn't get any worse...

Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

The Real Stories of Migrant Britain

Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
Cheaper energy on the way, but it's not all sunshine and rainbows

Cheaper energy on the way, but it's not all sunshine and rainbows

Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most