UK tabloid newspaper, the Mirror, reported that Lodge pledged the money in return for a day out with the singer and his husband, David Furnish, at John’s annual White Tie and Tiara Ball in aid of the Elton John Aids Foundation, last year.
The paper said that, despite Lodge signing a contract promising to pay the money to the foundation, he had not done so.
However a statement released to International Adviser by PIC, deVere’s Middle East operation, said: "the issue in question has been resolved this morning”.
The statement added: “Mr Lodge’s involvement with the respective charity is personal and any alleged arrangement has no relation to PIC business.”
Lodge has worked at deVere for over 14 years and, according to his LinkedIn profile, has worked within international financial services for over 20 years.
