Leave donor under scrutiny from watchdog

Investigation made into source of £8m referendum campaign funding

Controversial Leave campaigner Arron Banks is being investigated for “suspected criminal offences” over £8 million of campaign funding made during the Brexit referendum.

The National Crime Agency (NCA) probe was launched after the elections watchdog said it had reasonable grounds to suspect that Mr Banks was not the true source of the cash.

Mr Banks, one of the founders of the Leave.EU campaign, said he was confident the investigation would “put an end to the ludicrous allegations” against him and appeared unfazed while he enjoyed a fishing trip in Bermuda.

He said the Electoral Commission’s decision to refer him to the NCA was the result of “intense political pressure from anti-Brexit supporters”.

The commission also referred Leave. EU, its chief executive, Elizabeth Bilney, and the organisation that ran it, Better for the Country, to the NCA after carrying out a review.

Bob Posner, the commission’s director of political finance, said: “We have reasonable grounds to suspect money given to Better for the Country came from impermissible sources and that Mr Banks and Ms Bilney, the responsible person for Leave.EU, knowingly concealed the true circumstances under which this money was provided. This is significant because at least £2.9 million of this money was used to fund referendum spending and donations during the regulated period of the EU referendum.”

Mr Banks said: “I am confident that a full and frank investigation will finally put an end to the ludicrous allegations levelled against me and my colleagues.

“There is no evidence of any wrongdoing from the companies I own.

“I am a UK taxpayer and I have never received any foreign donations.

“The Electoral Commission has produced no evidence to the contrary,” he said.

Ms Bilney also accused the commission of having a “biased approach” in its investigations and said she was confident she would be “exonerated”.

She told BBC Radio 4’s World At One programme: “I hope that the matter will be shortly concluded to demonstrate that no crimes have been committed.”

“They are looking at it how they want to through their own biased lens,” she added.

Mr Banks was criticised by the Commons Digital, Culture, Media and Sport Committee earlier this year for seeming to “want to hide the extent of his contacts with Russia”.

But Ms Bilney dismissed suggestions that some of the money may have come from Russia.

Picture: PA. Controversial Leave campaigner Arron Banks is being investigated for “suspected criminal offences”.