Originally posted on Follow The Money:
Former UK Prime Minister Tony Blair has signed a multimillion pound contract with a Saudi Arabian oil company to broker secret deals on the firm’s behalf with Chinese state officials, it has emerged.
Tony Blair Associates, an umbrella company owned by the former Labour leader, now a Middle East envoy, agreed in November 2010 to organize deals between oil company PetroSaudi and elite Chinese officials, a leaked contract seen by The Sunday Times suggests.
The deals were to be arranged during Blair’s visit to the Chinese capital of Beijing in November that year.
While the contract was in place, PetroSaudi reportedly paid Bair £41,000 a month to carry out these duties, and added a lucrative 2 percent cut of each successfully orchestrated agreement to the former prime minister’s paycheck.
PetroSaudi was reportedly informed it could not reveal Blair’s role in the business arrangement without permission. Despite the firm’s insistence…
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