Overview
- The UK Parliament's ethics committee was reported Wednesday by the Guardian and the Times to have opened an inquiry into whether Nigel Farage failed to declare a £5 million gift.
- Farage says he had no duty to register it because he was not an MP at the time and calls the money a personal, non-political gift.
- Parliament's rules require every new MP to disclose any reportable earnings received in the 12 months before election, which covers the period when the gift was allegedly given.
- The money is reported to have come from Christopher Harborne, a Thai-British cryptocurrency investor and aviation businessman who donated about £12 million to Reform UK last year.
- If investigators find a breach, possible penalties include suspension and a by-election in Farage's Clacton seat, according to the Financial Times.