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ToryJacob Rees-Mogg pocketed a $680,000 payment while working for an offshore investment firm.

The multi-millionaire – recently slammed for saying the growth in people using foodbanks was “rather uplifting” – was among the latest names to emerge in the Paradise Papers scandal today.

The leaked documents reportedly show he held more than 50,000 shares in British Virgin Islands-based Lloyd George Management and got $680,000 (£520,000) when it was bought up by Canada’s Bank of Montreal in 2011.

There is no suggestion he avoided tax on any profit – but his huge wealth and many of his comments have led to ­accusations that he does not understand the concerns of ordinary Britons.

It was already publicly known that Mr Rees-Mogg owns a company called Saliston, established in 1995 to hold property that originally belonged to his father.

(Image: Getty)

It also holds his stake in Somerset Capital Management, an emerging markets fund he co-founded in 2007.

Somerset is managed via subsidiaries in the tax havens of the Cayman Islands and Singapore. There is nothing illegal about this and Mr Rees-Mogg – a staunch Brexiteer touted as a future Tory leader – has defended offshore tax havens.

He told the Mirror last night: “The essential point is that honest taxpayers receive no benefit from offshore structures.”

Earlier this week, Mr Rees-Mogg said that politicians condemning the tax scams exposed by the Paradise Papers were “hypocritical and not very bright”.

The MP for North East Somerset has also made headlines with his stance on abortion, saying on Good Morning Britain in September that he opposed it after rape. And he recently branded Mark Carney, Governor of the Bank of England , an “enemy of Brexit ”.

(Image: Reuters)

Meanwhile, the Paradise Papers also mention a former Eton College pal of Mr Rees-Mogg. Investment manager James Pockney has worked for the MP as a director of Saliston for 22 years.

He is recorded as having approached Appleby, the firm at the centre of the leak, regarding an Isle of Man firm called General & Oriental Investments in 2008, it was reported.

There is no evidence it became a client. Public records show a Manx company of that name was founded in 1995 and dissolved in 2011.

Mr Pockney owns a UK firm, also called General & Oriental, through which he manages investments in ­business ventures. He declined to comment last night.