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Daily Mirror

Politics

Nick Sommerlad

Chancellor Nadhim Zahawi's family property empire funded by mystery £30m loan

Nadhim Zahawi Angela Rayner Lana

New Chancellor Nadhim Zahawi’s £100million family property empire is funded with a mystery £30m loan, the Mirror can reveal.

One of their companies Zahawi & Zahawi Ltd, founded by Mr Zahawi and his wife Lana, owns £58m of commercial property in the UK and its accounts reveal it is funded by £55m in loans.

But just £23m of these are secured loans from banks – the remaining £32m is from “other creditors”.

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