Pounds 14m in Slush Fund but Lenders Stay Nameless

Daily MailMarch 18, 2006

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Summary


TONY BLAIR was struggling to contain the damage from the cash- for-peerages scandal last night after Labour admitted it owes Pounds 14million to a clutch of mystery high-rollers.

The party refused to name the individuals who bankrolled its 2005 election campaign but, under pressure, revealed that the total was significantly higher than first claimed.

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Pounds 14m in Slush Fund but Lenders Stay Nameless

Former supermarket boss Lord Sainsbury was identified as a likely suspect in a secretive funding operation authorised by the Prime Minister.

His name emerged following a Westminster scramble to find the wealthy individuals who agreed to lend money to the party with little chance of...

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