A Scandal! Theresa May, Prudential & G4S

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Apparently, according to some tweeps on Twitter (and the example below is only one example out of many), the fact that the Home Secretary Theresa May & her spouse own some shares in Prudential, which in turn owns some shares in G4S, is a scandal and somehow makes her “corrupt”.

Is it? Does it?

Here’s a recent announcement from G4S:

The directors have been notified of the following substantial shareholdings at 13 June 2012 in the ordinary capital of G4S plc:

Prudential: 89,325,538 (6.33%) – this includes the 80,962,276 (5.73%) notified separately by M&G Investment Funds.

Legal & General Group Plc: 42,320,310 (3.00%)

So it appears Theresa May & her spouse owns a small, non-controlling shareholding in Prudential, which in turns owns a small, non-controlling shareholding in G4S. As do hundreds of thousands of people who have Prudential AND Legal & General life policies and pensions. Crikey, it seems they are all scandalously corrupt!

By the way, May & her spouse bought the Prudential shares in 2002, quite a few years before the G4S got involved in the Olympics…

It is indeed a scandal. A scandal of many straws being grasped.

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About Art Li

Briefly, I am a lawyer, keen amateur photographer, dog lover and politics junkie but not a member of any party. Full details on Biography page. Follow me on Twitter @Art_Li.
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6 Responses to A Scandal! Theresa May, Prudential & G4S

  1. blimey, that Andy person is a prat.

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  5. Shane E says:

    The fact is that Theresa May can have a direct influence on the price of G4s shares by awarding contracts etc. Therefore she should not be in a position whereby she or her family can profit from her decisions. Simple really?

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