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UK’s Johnson denies any wrongdoing in ties with US tech exec

British Prime Minister Boris Johnson denied wrongdoing on Sunday over his links to an American businesswoman who allegedly received money and favorable treatment because of their friendship during his time as mayor of London.
Asked during a BBC interview about his ties to tech entrepreneur and model Jennifer Arcuri, Johnson sought to suggest that political motivations were behind the decision Friday by the Greater London Authority to refer a conduct matter to a police watchdog agency.
The matter arose from a Sunday Times report saying Arcuri was given 126,000 pounds in public money and privileged access to trade missions to the United States, Israel and Asia that Johnson led as mayor, even though her fledgling business had not yet met eligibility requirements for such trips.
“Everything was done in accordance with the code ... and everything was done with full propriety,” Johnson said on Sunday.
When pressed again by BBC journalist Andrew Marr, Johnson added: “There was no interest to declare.”
The scandal worsened on Sunday as Johnson’s Conservative Party was opening its annual party conference in Manchester following a tumultuous week for a leader who has only been in the job since July.
In just the last few days, the UK Supreme Court declared Johnson’s attempt to suspend Parliament illegal and he cut short a trip to the United States, racing home to face the House of Commons, where lawmakers greeted him with cries of “Resign!”
He then lost a vote on a normally routine matter - a request to adjourn for a week so that Conservatives could attend their conference.
Complicating things further, questions were raised about the 55-year-old Johnson’s links to Arcuri, now 34, who set up a cyber firm in East London after moving to the capital seven years ago.
Yet even as the British leader visited North Manchester General Hospital on Sunday to talk about his government’s plans to build 40 hospitals, his efforts to change the subject failed.
“Let’s be absolutely clear, I am very, very proud of everything that we did and certainly everything that I did as mayor of London,” he said, adding that the current London mayor, Sadiq Khan of the Labour Party “could possibly spend more time investing in police officers than he is investing in press officers and peddling this kind of stuff.”
The independent office, which oversees police complaints in England, was asked to consider if there were grounds to investigate Johnson for misconduct in public office.
The authority said on Friday it had a “statutory duty” to record the matter because Johnson served as police commissioner during his 2008-2016 tenure as London’s mayor.
The probe is the latest sign of animosity that has consumed British politics since the country narrowly voted in 2016 to leave the European Union. Three years later, Britain and its politicians remain bitterly divided over how, or even whether, to leave the 28-nation bloc.
Johnson took power two months ago with a “do-or-die” promise that Britain will leave the EU on the scheduled date of Oct. 31 - even if there’s no divorce deal outlining Britain’s commercial relations with the other 27 EU nations. His foes in Parliament are determined to avoid a no-deal exit, which economists say would plunge Britain into recession.
In unusually heated debate on Wednesday, Johnson referred to an opposition law ordering a Brexit delay as the “Surrender Act” and said postponing the country’s departure would “betray” the people. He also brushed off concerns that his forceful language might endanger legislators as “humbug.”
Opponents accused him of fomenting hatred in the country with his populist, people-versus-politicians rhetoric.
As tempers smoldered, Johnson rejected the notion that he himself had played a role in whipping up tensions.
“I think I’ve been a model of restraint,” Johnson said on Sunday. “But I think everybody should calm down.”
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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