‘I told you they were dodgy’ – Sajid Javid facing questions over share options in health tech firm

Sajid Javid giving a thumbs up
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Health Secretary Sajid Javid is facing scrutiny for holding share options in a tech firm that provides artificial intelligence software to the health sector. Javid was also paid the equivalent of more than £150,000 a year by Californian firm C3.ai from October last year until June when he rejoined the Cabinet.

Read on...

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Shares

Labour questioned whether he has broken the ministerial code because he continues to have an “option for 666.7 common shares per month”, according to the MPs’ register of interests.

Javid reports these options to be worth around £45,000 but is said to have begun the process of divesting after taking the job of Health Secretary. Deputy Labour leader Angela Rayner alleged it is a “clear conflict of interest and breach of the ministerial code” and wrote a letter to Boris Johnson’s adviser on ministers’ interests, lord Geidt, to raise her concerns.

She said:

In September, the Secretary of State’s department announced that the use of ‘artificial intelligence’ would shorten waiting lists in our NHS.

The Department of Health and Social Care announcing that it is going to spend taxpayers’ money on artificial intelligence could clearly be perceived as beneficial to an artificial intelligence company, and to the value of shares in an artificial intelligence company such as C3.ai.

She pointed to the section of the ministerial code that states ministers “must scrupulously avoid any danger of an actual or perceived conflict of interest” between their role and their private financial interest.

Sleaze

The questions came as MPs face intensified scrutiny over their roles outside Parliament following a sleaze row prompted by the government’s botched attempt to protect senior Tory Owen Paterson from suspension over his breach of lobbying rules. A Department of Health and Social Care spokesperson said:

The Secretary of State has acted in line with the ministerial code and has properly declared these share options in the usual way.

A source close to Javid added that the health secretary started the process of divesting the shares when he re-entered the Cabinet but could not say when the process would be complete. Javid’s appointment to the role was unexpected, coming after Matt Hancock resigned after footage emerged of him kissing an aide in his departmental office, in breach of coronavirus rules.

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  • Show Comments
    1. ‘I told you they were dodgy’ – Sajid Javid facing questions over share options in health tech firm.
      Will this article put another or final nail in Tory coffin for next G.E? First Mr Hancock screwing us taxpayer plus N.H.S. cash pot
      Now we have Mr Javid doing the same thing in this article possibly
      (my point both are Tory party members voter)

      LOOK Labour party leader Mr Starmer its about time to shut Govt down now and have a new G.E. next year to remove this Tory dodgy Govt from power you never know you may win voter back
      Labour party.
      I as a U.K. residents + voter think Her Majesty should close parliament down fully now to remove this incompetent untrusting Govt Tory party from power (she does have a say) in shutting down Her parliament if she see fit to do so voters the Tories have proven now they are very corrupt in power and do miss use their privileges we voter give them in Govt jobs.

      To Her Majesty the Queen please shut parliament down now and let us public-voters place a new party in power that will serve your country plus the people and not aid their personal bank account with extra possibly illegal jobs like Tory Govt members do now time to put a STOP to the rot in Parliament plus Govt that are betraying your people including you personally your Majesty.
      Concluding
      This dodgy going on within our Govt must stop now before all of U.K. combined countries are flushed down the toilet for ever.
      As always I am your public servant to you -your Majesty not your Govt they are my and your people servants in Govt and should remember that all parties within the parliament of U.K. servants to us voter and you as our Queen of the U.K.-Wales-Scotland-and Northern Ireland area that join up all of U.K. you rule over.

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