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His father, a businessman, lived in the Wirral; he was educated at Marlborough College, before going up to Downing College, Cambridge where he read Law, and played hockey for the college and performed with the Footlights.
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When Shadow Foreign Secretary he was caught apparently calling for Britain to help Vladimir Putin in the Second Chechen War.
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The Arab bank was based in London, and fell prey to the subsequent Arms to Iraq scandals and collapsed, bankrupting its depositors.