Lincolnshire councils deposit £170m in Qatar bank

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Lincolnshire councils deposit £170m in Qatar bank
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All Lincolnshire councils fly the rainbow flag during LGBT events to show their support, however homosexuality remains a criminal offence in Qatar

Lincolnshire councils deposited more than £170 million of taxpayers’ money in the state bank of Qatar, despite the country’s shocking human rights record.

found at least 28 UK councils have benefited financially from a country where homosexuality is illegal.This is accounted for by £13m, which is continually reinvested as it matures.East Lindsey has put in around £50m in QNB over the last five years, the tenth biggest amount. . A spokesperson for South Kesteven District Council said: “SKDC currently has £13m invested in Qatar National Bank ; these are investments that meet the criteria set out in the Council’s Treasury Management Strategy and are reported to our Governance and Audit Committee.

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