UK's opposition calls for investigation into finance minister Sajid Javid over Deutsche role

Britain's oppositionLabourParty on Monday called for PrimeMinisterBoris Johnson to investigate hisfinanceministerSajidJavid'srolein financial misconduct during his previous career as a banker before entering politics.

Labour'sfinancespokesman John McDonnell said he had written to Johnson to reconsiderJavid's fitness for the job and should look into three areas of concern relating to the minister's 18-yearfinancecareer during which time he worked forDeutscheBank.

These wereDeutsche’s activities in the run-up to the global financial crisis whileJavidwas working at the bank, with McDonnell citing a US Senate Permanent Subcommittee on investigations conclusions.

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He also said there were concerns aboutJavid’s relationship to the trading of risky collateralised debt obligations while atDeutsche, which were blamed for helping to cause the global financial crisis.

The third issue wasJavid'sroleinDeutsche’s use of the ‘Dark Blue’ scheme which McDonnell said the UK Supreme Court had found to constitute tax avoidance.

DeutscheBank declined to comment and a spokesman for the Conservative Party saidLabour"might want to use the time better thinkingabout their own credentials for governing".

"Their reckless planswould see debt soaring as theyspend one thousand billion pounds, tax raids on hard-working families and upheaval of our economic system by replacing key posts such as the governor of the Bank of England with their hard-left choices. Utter disaster," the spokesman said.

"If any party knows about failure and bogusinvestigations, it's them," he added.