The amount of UK funds indirectly invested in Wonga was about £ 75,000 out of total totalling £ 5.2bn . In an interview with the magazine Total Politics published this week , he revealed he had met with Errol Damelin , founder and chief executive of Wonga , to inform him of the Church 's plans to go head-to-head with him on short-term loans . The Archbishop of Canterbury said he was ` ` embarrassed '' and ` ` irritated '' by the breach . Lambeth Palace said an independent inquiry would be launched into how ` ` this serious breach '' occurred .
The amount of UK funds indirectly invested in Wonga was about £ 75,000 out of total totalling £ 5.2bn . The Archbishop of Canterbury said he was ` ` embarrassed '' and ` ` irritated '' by the breach . Lambeth Palace said an independent inquiry would be launched into how ` ` this serious breach '' occurred .