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| MP David Mackintosh to face inquiry into Northampton Town loan | MP David Mackintosh to face inquiry into Northampton Town loan |
| (about 1 hour later) | |
| Northampton South MP David Mackintosh is facing an inquiry by his own party into the role he played in a failed £10m loan to a football club. | Northampton South MP David Mackintosh is facing an inquiry by his own party into the role he played in a failed £10m loan to a football club. |
| The Conservative Party Central Office will look "in more depth" at the role Mr Mackintosh played in the 2013 loan to Northampton Town. | The Conservative Party Central Office will look "in more depth" at the role Mr Mackintosh played in the 2013 loan to Northampton Town. |
| Mr Mackintosh was leader of Northampton Borough Council at the time. | Mr Mackintosh was leader of Northampton Borough Council at the time. |
| Last week the MP was criticised in an audit report into the so-called "missing millions". | Last week the MP was criticised in an audit report into the so-called "missing millions". |
| A statement issued by Northampton South Conservative Association said the leadership of the party nationally "wishes to take a more in-depth look at the several issues" raised by the report | |
| Specifically, it wants to look at "the role played" by Mr Mackintosh. | |
| The audit report by PricewaterhouseCoopers identified a number of issues with the approval and handing over of the loan and said that, due to "political and management pressure", it was not properly checked. | |
| The majority of the £10.25m given to the club, under its previous ownership, has gone missing. | |
| Association chairman Suresh Patel told the BBC they would co-operate with a Conservative Party leadership investigation. | |
| Mr Mackintosh has apologised for his part in the approval of the loan, but said that he "never asked or pressured officers to cut corners". | |
| He said he was "happy" to answer questions. | |
| Liquidation | |
| Northampton Town was given the money to redevelop Sixfields stadium three years ago, with much of it being passed to a company called 1st Land Ltd. | |
| The company is now in liquidation while the work on Sixfields was not completed. | |
| A BBC investigation found Mr Mackintosh benefited from "hidden" donations of £30,000 to his general election fighting fund from 1st Land. The controversy is currently subject to a separate police inquiry. | |
| A confidence vote in David Mackintosh, which was expected to be held by the Northampton South Conservative Association on Friday, has been set aside until the inquiry is complete. | |
| The MP has previously denied any wrongdoing. |