‘Cocaine and sex-shame’ MP David Warbuton ‘backed up a Russian banker pal who loaned him £150,000’

An MP involved in a cocaine and sex scandal and standing up for his Russian banker friend who secretly loaned him £150,000 has been revealed.

Conservative David Warburton, 56, wrote a character reference using an official Parliamentary letterhead urging the Financial Conduct Authority to reconsider its assessment of Roman Joukovski.

David Warburton lobbied his Russian banker friend, who secretly loaned him £150,000


David Warburton lobbied his Russian banker friend, who secretly loaned him £150,000Photo credit: Times Newspapers Ltd

In his letter last March, he described the Russian businessman as extremely capable, honest and easy-going, adding that he was trusted and viewed positively.

But the politician failed to explain his financial relationship with the Russian businessman, who loaned him £150,000 in 2017, the Sunday Times reported. The loan from an offshore trust in the Seychelles bore an interest rate of 8 percent.

Joukovski sought to overturn FCA’s stance after it refused to certify him as a suitable person in 2014, finding one of his firms was giving misleading information following an investigation launched in 2019.

It comes after married father-of-two Warburton was accused of sexual molestation and cocaine use.

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He is said to have wheezed “line by line” before stripping naked and groping a woman’s breasts in her apartment.

The Somerset and Frome MP sent the woman a message the next morning asking if she was proud that an MP had slept in her house, adding: “Promise I won’t take all my clothes off again. “

The younger woman said she repeatedly warned Warburton before and during his visit that she did not want to have sex with him.

But despite her protests, she claims Warburton rubbed his body against hers and fondled her breasts as he climbed into her bed.

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A damning image also shows him next to four white powder trails on a baking sheet. He has denied any wrongdoing.

He was admitted to a psychiatric hospital for severe shock after the allegations surfaced last week.

Wife of 20 years is Harriet fully supports him. Her brother Jonathan said, “For as long as I’ve known them, they’ve always been a very happy couple.”

He added his sister was “obviously affected herself” and “finds it difficult”.

Warburton's letter to the FCA


Warburton’s letter to the FCACredit: Unknown, clear with picture desk ‘Cocaine and sex-shame’ MP David Warbuton ‘backed up a Russian banker pal who loaned him £150,000’

Bobby Allyn

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