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The Guardian reports Elliot and Goldsmith financed the acclaimed Fire in Babylon documentary about the great West Indies cricket team of the 1970s and 80s using a £600,000 loan from its BVI parent company, E&G Productions, in 2008. Experts have said that without the cash from HMRC, it appears WIB would not have been able to fully repay the loan to the BVI company ten years ago. Between 2009 and 2011 WIB claimed £121,000 in tax credits offered to the film industry. It is not know how much of the cash went to Goldsmith and Elliot, or any other investors.
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Mr Elliot is the under-pressure co-chairman of the Conservatives who was dragged into the party's 'cash for access' affair and accused of getting donors access to ministers as well as arranging a private dinner between Prince Charles and telecoms millionaire Mohamed Amersi.