Newspaper article Evening Gazette (Middlesbrough, England)

Loan Not Donation

Newspaper article Evening Gazette (Middlesbrough, England)

Loan Not Donation

Article excerpt

Four of the 12 businessmen who lent almost pounds 14m to Labour last year expect to be repaid, it was reported today.

The men told a newspaper they wanted the money paid back to them as police announced an investigation would get under way today into allegations that Labour gave peerages and other honours in return for loans and donations.

A national newspaper reported today that four of the 12 donors who responded to questions from the paper - Priory Clinics boss Chai Patel, Capita executive chairman Rod Aldridge, biotechnology entrepreneur Sir Christopher Evans and stockbroker Barry Townsley - said they wanted their cash back.

All of the men said their loans were made on commercial terms and expected to be paid back between this August and April 2008.

The police investigation by Scotland Yard's Specialist Crime Directorate will look into complaints - denied by the party - that Labour has breached a 1925 law brought in to stop the sale of peerages. …

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