The Chinese have quietly taken control of a £5 billion, Lonfon based company that stores vast amounts of highly sensitive data, sparking fears for Britain’s national security. Politicians and experts last night called for the security services to investigate the £100 million share swoop over the New Year that gave Chinese investors majority control over Global Switch, Europe’s largest data centre operator.
The Australian government has already said it will to move files from its Department of Defence out of a Global Switch site in Sydney, due to concerns that Communist officials in Beijing could access military secrets.
But security expert Professor Anthony Glees accused the UK Government of ‘failing to take this threat as seriously as it should’, adding that Ministers were ‘so obsessed’ with attracting foreign investment that they risked ‘throwing national security to the four winds’. Conservative MP Nigel Evans also questioned the deal. ‘If other countries like Australia have had deep concerns, then why is it we don’t?’ he said.
A group of Chinese investors operating as a consortium called Elegant Jubilee increased its stake to 51 per cent in the company in discreet dealings between Christmas and the New Year. The power-grab went almost unnoticed because most people were on holiday.
The Chinese have been investing heavily in UK infrastructure over the past few years, including Hinkley Point nuclear power station and National Grid gas pipelines.
Elegant Jubilee was put together by Li Qiang, the founder of Chinese data centre firm Daily-Tech, and is led by Jiangsu Sha Steel Group, China’s largest private steel-maker.
They say they are independent investors with no links to the Chinese state.
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