The Tories have been trying to appoint multi-millionaire tax exile David Rowland as Conservative Party treasurer.
This is just a few days after appointing notorious billionaire tax-avoider Sir Philip Green as an adviser to the government on how to make cuts.
Rowland is estimated to be worth £730 million, and until recently lived in the tax haven of Guernsey.
He returned to Britain for the past year and could then legally make donations of over £2.7 million to the Tory party in the run-up to the general election.
Rowland has also reportedly used tax havens such as the Bahamas, Panama, Luxembourg and the British Virgin Islands for his business dealings.
Prince Andrew unveiled a life-size bronze statue of Rowland—reportedly showing him smoking a cigar in “vaguely Churchillian pose”—in the grounds of Havilland Hall, the largest privately owned estate on Guernsey, in 2005.
As the revelations about Rowland’s business dealings stacked up, the Tories clearly got cold feet.
They have now announced that Rowland would not be taking the post due to his “developing business interests”.