"Nigel Farage is facing a formal investigation by the parliamentary standards watchdog over a 5m gift from the crypto billionaire Christopher Harborne. The Reform UK leader received the money weeks before announcing he would stand as a candidate in the 2024 general election. Farage has said the gift, first revealed by the Guardian, was intended to cover his personal security costs and therefore did not need to be declared."
"Labour and other parties argue that MPs are required to declare any potentially relevant gifts or donations received in the 12 months before entering parliament, and that the money from the Thailand-based Harborne falls within these rules. If the investigation finds Farage committed a particularly serious breach of parliamentary declaration rules, he could be suspended from the Commons."
"A suspension of 10 days or more could trigger a recall petition, potentially forcing him to fight again for his Clacton seat. More details soon"
Nigel Farage is being formally investigated by the parliamentary standards watchdog regarding a £5m gift from crypto billionaire Christopher Harborne. The money was received weeks before Farage announced he would stand as a candidate in the 2024 general election. Farage said the gift was meant to cover his personal security costs and therefore did not need to be declared. Labour and other parties argue MPs must declare any potentially relevant gifts or donations received in the 12 months before entering parliament, and that the Harborne payment falls within those requirements. If the investigation finds a particularly serious breach, Farage could be suspended from the Commons. A suspension of 10 days or more could trigger a recall petition, potentially requiring him to seek his Clacton seat again.
Read at www.theguardian.com
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