Conservatives say they’ve had £150,000 stolen

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Conservatives say they’ve had £150,000 stolen

By Mark Pack | Mon 14th April 2008 - 7:39 pm

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From The Scotsman:

POLICE have been called in to investigate allegations that a Scottish Conservative Party worker stole £150,000 from party funds.

Senior party officials called in the police after the money, thought to have come mainly from subscriptions, disappeared from their Edinburgh offices over the last year.

The missing funds were discovered after a routine financial check, and officers are understood to be investigating a string of accounts to try to trace the money.

The missing funds have sparked a financial crisis, and forced the party to ask donors including Rangers owner Sir David Murray for help covering the shortfall.

A source within the Conservatives was reported to have said: “The whole thing has been a major embarrassment. It has shown the accounting system was not too robust – which is why no-one noticed until it was too late.”

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4 Comments

Iain Rubie Dale 15th Apr '08 - 10:54am

As noted by myself yesterday at 13.27.
My blog post can be found at:
http://anything-caron-can-do.blogspot.com/2008/04/taking-spirit-of-free-enterprise-too.html
😉
Iain Roberts 15th Apr '08 - 11:02am

I hope they recover the money. I’m sure none of the parties have accounting systems as robust as they could or should be, so a warning to us all.
Martin Land 15th Apr '08 - 11:17am

Gives you real confidence in their ability to run the country. A warning to us Iain? Do the Scottish Lib Dems have a £150,000?
Iain Rubie Dale 15th Apr '08 - 12:07pm

He says, placing Office Bearer hat firmly on head, I wish we did but any licit donations welcome.