The Conservative party admitted last night that it fought the last general election partly with the use of foreign loans which have now been hurriedly repaid to clean up the party's accounts.
The Tories have been forced to repay £5m over the past fortnight to at least 10 supporters in order to preserve their anonymity after the individuals who lent the money insisted they did not want their names to made public. Some of that money will have returned abroad.
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The Labour party chairman, Ian McCartney, called on the Tories to reveal the sources of overseas loans. "This Labour government outlawed foreign donations to prevent those from outside this country interfering with our democracy," he said. "But the Tories have now revealed they deliberately tried to get round this ban by taking foreign loans.
"We now need to know who these people are; where they reside; where they pay tax; how much they lent; and on what terms. By failing to provide these details, the Conservatives and David Cameron are fuelling suspicions that they have even more to hide."
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http://politics.guardian.co.uk/funding/story/0,,1744569,00.html