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Arron Banks under pressure to explain Brexit funds

07 November 2018

Challenged by Marr to explain where the money for his Brexit campaign came from, the millionaire businessman and self-style "bad boy of Brexit" again denied it came from overseas, saying instead it originated from his own United Kingdom businesses.

Arron Banks being investigated by National Crime Agency over alleged offences during Brexit vote Arron Banks and his Leave.EU campaign group are being investigated by the National Crime Agency (NCA) over suspected electoral law offences around the 2016 EU Referendum.

Mr Banks came out swinging on Sunday the 4th of November, however, releasing a number of bank statements to the BBC's Andrew Marr Show and holding combative interviews with the eponymous host and a Sky News anchor in the afternoon.

'There was no Russian money and no interference of any type, ' he said.

"The money came from Rock Services which was a United Kingdom limited company".

It also said that the loan arrangements may have involved an offshore company, Rock Holdings, in breach of electoral law.

Banks denies any wrongdoing.

Bob Posner, the commission's director of political finance, said the elections watchdog suspected the money came from "impermissible sources".

He said: "We insure half a million people".

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He went on: 'I know it's complex for journalists to understand but we know what this is about - it's about undermining Article 50 and the Brexit result.

Banks, who calls himself a 'bad boy of Brexit, ' has been the focus of intense speculation about the legality of anti-EU campaigning and the Brexit vote as whole.

He said his opinion had been altered by the "corruption I have seen in British politics, the sewer that exists and the disgraceful behaviour of the government over what they are doing with Brexit and how they are selling out". "It was generated out of insurance business written in the United Kingdom".

Conservative MP and chairman of the culture media and sport committee, Damian Collins, told The Observer the leaked e-mails appeared to "flatly contradict" what Mr Banks had told his committee in June.

"The Electoral Commission has laid out concerns about this in public and it is legitimate and editorially justified for Andrew Marr to question Mr Banks robustly about them, which he will do on Sunday morning".

When pressed further, he said: "Goodbye, I'm not talking to you".

The Electoral Commission said Leave.EU "did not report spending on or donations from Eldon".

Mr Banks replied: "Well he is".

Responding to the decision to refer Banks to police, Liberal Democrat lawmaker, Tom Brake, who speaks for his party on Brexit said "people have known for a long time that the Brexiter ranks were filled with dodgy demagogues, today's news will be little surprise".

Arron Banks under pressure to explain Brexit funds