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A dance mogul peer’s protestation that he couldn’t remember he was once a Director of a Jersey company was not music to the ears of the House of Lords’ behaviour watchdog, it has been reported.
For around seven months between 2016 and 2017, Ministry of Sound founder James Palumbo was Director of Submin Holdings – a Jersey-registered entity that beneficially owned the Ministry of Sound nightclub.
Having become Lord Palumbo of Southwark in 2013, he was required to declare external interests.
But the Daily Mail reported that he did not disclose his Jersey company directorship.
According to Companies House, ‘Lord Palumbo of Southwark’ – his nightclub’s borough - was appointed as Director of the company on 11 July 2016 and resigned on 5 January 2017.
He told the Lords’ Commissioner for Standards that he had “no recollection”, and nor did his management team.
“Apparently legal papers for business ‘transactions’ were flying everywhere in ‘recent years’ so he signed the form without scrutinising it,” the Mail stated.
This was deemed a breach of the Lords’ Code of Conduct by the Commissioner for Standards, and he has now been made to apologise.
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