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Revealed: how Tony Blair makes his billions

20.04.2015  |  22:41
Revealed: how Tony Blair makes his billions

Exclusive: Former prime minister is being paid to advise the Colombian government on how it spends £2 billion earned from mining deals

Exclusive: Former prime minister is being paid to advise the Colombian government on how it spends £2 billion earned from mining deals

The Telegraph, By Edward Malnick, Robert Mendick and Harriet Alexander, April 18

Tony Blair is facing fresh accusations of a conflict of interest over his business affairs after it emerged he signed a controversial contract overseeing mining deals in Latin America.

Mr Blair is being paid to advise the Colombian government on how it spends £2 billion earned from mining deals.

The contract, obtained by The Telegraph, reveals that the Colombian government does not pay any fees for his services. Instead, the fees owed to Tony Blair Associates (TBA), Mr Blair's consultancy firm, are paid for by an oil-rich Gulf state where Mr Blair has developed close links.

The deal raises questions over Mr Blair's role as a Middle East peace envoy and whether he has used that position to befriend wealthy rulers in Abu Dhabi, the capital of the United Arab Emirates (UAE), who are now funding his private consultancy work in Colombia, among other countries.

The disclosure will add to pressure on Mr Blair to quit as envoy. According to one well-placed source, he is expected to announce his resignation from the role in the coming weeks.

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