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Comic Relief to conduct 'full review' of investments

Comic Relief is to conduct a "full review" of its investment policy after criticisms were levelled at its dealings with the tobacco and arms industries.

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Comic Relief to conduct 'full review' of investments

Comic Relief is to conduct a "full review" of its investment policy after the charity was criticised for its dealings with the tobacco and arms industries.

Comic Relief has announced it is to conduct a 'full review' of its investment policy. Credit: Comic Relief

A BBC Panorama programme screened last night highlighted the money that the charity has tied up in some areas which appear to run counter to its aims because it does not exercise any sort of ethical screening on its investments.

But chief executive Kevin Cahill said that it will look again at where it puts its funds in order to do "the right thing".

BBC1's documentary claims Comic Relief could have generated more cash from shrewd investments in "ethical" funds.

The charity, which generates huge publicity for its activities with star-studded programmes screened by the BBC, has avoided a policy of ethical screening for its investments because it says it does not want to limit the amount of money it raises.

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