The mayor of London, Boris Johnson, has been pressed not to put profit before principle after it was revealed that the Greater London Authority has £100m of public money invested in a bank backed by Saudi Arabia.
The GLA treasury has a £2.5bn portfolio of investments in a range of foreign banks, including £100m in the Riyad Bank, which is 51% owned by the Saudi state.
Opposition parties have called on the government to distance itself from the Saudi regime in response to the execution of 47 people on Saturday, including the Shia cleric Sheikh Nimr al-Nimr .
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