In a sting operation set up by campaign group Led By Donkeys, Mr Hancock and Mr Kwarteng both set out five-figure sums for what they would expect to be paid to advise a non-existent firm in South Korea Read more here 👉
A spokesman for Mr Hancock said the West Suffolk MP had"acted entirely properly and within the rules".
Labour accused Tory MPs of using"their taxpayer-funded offices to line their own pockets", calling the behaviour"shameful". The group sold the"company" as one with aims to expand into the UK and Europe, asking any would-be advisers to attend pretend board meetings held in a mix of locations, including allegedly in South Korea.
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