The Electoral Commission says it is investigating whether ex-UKIP donor Arron Banks broke donation rules during the EU referendum.
The probe will look at whether the Leave.EU chairman broke the rules over donations or loans made to campaigners in last year’s poll.
It will also look at Better for the Country Ltd, a company of which Mr Banks is a registered director.
Reacting on Twitter, Mr Banks said: “Gosh I’m terrified.”
The commission said it launched investigations where there were “reasonable grounds” to believe offences had been committed. It is already carrying out separate probes into the spending returns submitted by the official Remain and Leave campaigns.
Announcing the latest investigation, the commission said Better for the Country Ltd (BFTC) had made donations totalling £2.3m to campaigners in June 2016’s referendum, while Mr Banks had given Leave.EU loans totalling £6m.
The commission said its investigation would look at:
- Whether BFTC was the “true source of donations made to referendum campaigners in its name, or if it was acting as an agent”.
- Whether recipients of the donations were given the required information about the donor
- What steps the recipients took to verify BFTC’s “identity and permissibility”
- Whether or not Mr Banks was the “true source” of loans reported in his name
- Whether the recipients of the loans acted within the rules
- Whether any individual “facilitated a transaction with a non-qualifying person”
Bob Posner of the Electoral Commission said: “Interest in the funding of the EU referendum campaigns remains widespread.
“Questions over the legitimacy of funding provided to campaigners at the referendum risks causing harm to voters’ confidence.
“It is therefore in the public interest that the Electoral Commission seeks to ascertain whether or not impermissible donations were given to referendum campaigners and if any other related offences have taken place.”