Taylor was named as one of the beneficiaries of the cash for access scandal. It is alleged that his company were given help by the coalition government to set up oil contracts with the rebel forces during the Libyan civil war worth an estimated £500 million.
Under Taylor’s leadership Vitol have a long record of extremely dodgy dealings, including a £1 million payment to the Serbian war criminal Arkan (to “sort out” an oil deal) and supporting Saddam Hussein’s regime in Iraq with kickbacks (for which the company was fined $17.5 million in the US). The company also stands accused of using elaborate tax avoidance Employee Benefit Trusts to allow their employees to avoid paying Income Tax and National Insurance on their incomes.
English born and raised, and London resident Taylor has also pumped another half a million pounds of his cash into the anti-independence “Better Together” campaign in Scotland, funding two anti-independence propaganda sites. These contributions make this English Tory the single biggest donor to the anti-independence campaign in Scotland, a place where panda bears are more common than Tory MPs.
Taylor is the chief executive of the oil trading company Vitol and has donated over half a million pounds to the Tories since 2005.