Rees-Mogg profiting from China and Russia

Firm’s £12m holdings in gas & pharma

- NIGEL NELSON

MULTI-MILLIONAIRE Tory Jacob Rees-Mogg is profiting from investments in a Russian gas giant and a Chinese pharma firm.

Last year the Cabinet minister took an estimated £600,000 in dividends from Somerset Capital Management, the firm he co-founded before becoming an MP and still has shares in.

Labour deputy leader Angela Rayner has national security concerns about dealing with companies in countries that are Britain’s enemies.

And MI5 chief Ken McCallum yesterday warned Russia and China were desperate to gain a foothold in Parliament by targeting MPs.

Ms Rayner said: “From Vladimir Putin’s puppets to private Chinese health corporations, Rees-Mogg’s investments raise serious questions about propriety and security.