Laim Fox leaves his residency this morning
Laim Fox leaves his residency this morning REUTERS

The mystery of how Adam Werritty funded his jet-set £147,000 lifestyle around the world has been answered.

A syndicate of investors including a corporate intelligence company with interests in Sri Lanka, a property mogul who lobbies for Israel and a venture capitalist with strong ties to Washington all made donations to fund the much-publicised trips.

The trio made investments into an account, set up by Werritty, under the non-for-profit company Pargav, which used the cash to pay for hotels in Dubai and Sri Lanka at the same time Defence Secretary Liam Fox was also there on state duty.

Bad judgement

Fox's judgement has now been called into question, as it is now revealed that not only was he using a personal friend as a foreign policy representative, but also allowed his friend the use of a non-profit company to fund his lavish private lifestyle.

Furthermore, Fox, who has been defended by Prime Minister David Cameron, must now face questions as to why he said to the Commons earlier in the week that Werritty was "not dependent on any transactional behaviour to maintain his income," when this statement has now been proven to be a falsehood.

One source said that "it was difficult to see how he would be able to stay in the job much longer, with the balance beginning to tilt."

The companies and people who funded the Adam Werritty world tour

G3 Good Governance Group - strategic advisory company

Tamares Real Estate - an investment company owned by Poju Zabludowicz, the chairman of BICOM

Jon Moulton - a venture capitalist