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Adam Afriyie

Adam Afriyie Life story


Adam Afriyie is a British politician and businessman who has served as the Member of Parliament for Windsor since 2005. He is a member of the Conservative Party.

Conservative MP Adam Afriyie declared bankrupt

Dec 13,2022 8:40 am

Conservative MP Adam Afriyie has been made bankrupt after a judge heard he owed around £1m to HMRC and £700,000 to Barclays bank.

A bankruptcy order was made against the MP at a hearing in the Insolvency and Companies Court on Tuesday.

The Windsor MP had already announced he would be standing down at The Next election, saying with Brexit " concluded" it was the " right time".

Responding to The Court order, Mr Afriyie said it was " a stressful time".

" This has been ongoing for many years following business failures some time ago.

" I Am ultimately responsibly for some of The Bank borrowing through personal guarantee. I've been trying to sell Our Home and downsize for some time, but it's a tough market.

" It'll be tough for a while, but I'm far from the only person in a difficult position, and I will continue to do my best to support my constituents until The Next general election when I'll be standing down. "

Mr Arfiyie had asked for The Court proceedings to be adjourned until March arguing he would be able to pay off his debts by selling off a property.

However, HMRC and Barclays opposed pausing the case, with The Bank 's barrister arguing that The Company had " lost patience" adding: " We have seen no credible evidence that the property will be sold any time soon. "

Judge Nicolas Briggs agreed concluding: " There have been six hearings already of this matter so time really has run out.

" I shall make a bankruptcy order. It seems to me there is no evidence of there being any reasonable prospects of paying debts in full. "

Windsor Conservative Association have declined to comment.

Mr Afriyie has represented The Berkshire constituency since 2005 and during that time has served as a shadow science minister and a trade envoy to Ghana.

He stood down from that role when the UK-Ghana bilateral trade deal was secured.

In 2013, there were reports MPs were working on a campaign to replace David Cameron with Mr Afriyie as Conservative leader, if The Party lost the 2015 election.

However, Mr Afriyie insisted at The Time there was " no truth" to the rumours and that he was "100% supportive" of Mr Cameron .



Source of news: bbc.com

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