Labour are at it again with dodgy funding deals:
Does it ever end.Labour is braced for controversy this week when it discloses receiving major donations from three financiers amid the row over corporate asset stripping.
Records due to be released by the Electoral Commission will show that Nigel Doughty, Sir Ronald Cohen and Jonathan Aisbitt gave Â£250,000 each during the final quarter of 2006, according to sources.
Together, their donations are expected to account for more than a third of the Â£2m the party received over the period.
The funding immediately came under fire from trade unions, who have been running a high-profile campaign against allegedly bad practices by private equity firms.
GMB general secretary Paul Kenny called on the party's ruling National Executive Committee to investigate the donations.
"Only in the last few weeks has the GMB campaigning put names and faces to the multi-millionaire elite who run the private equity industry and made clear what they do," he said.
The GMB and other unions - many of whom are also major donors to Labour's coffers - raised concerns in the wake of job losses at the AA and Birds Eye following takeovers by venture capitalists. Damon Buffini, of Permira which owns the AA, has rejected claims the industry is secretive and destroys jobs.
Mr Doughty, 49, is chairman of Doughty Hanson, a leading British-based private equity firm. He has a personal fortune estimated at Â£120 million.
Mr Aisbitt is thought to be worth Â£98 million - much made in the flotation of merchant bank Goldman Sachs, where he was a partner. Sir Ronald is a leading supporter of Gordon Brown who started the private equity vehicle Apax with three friends in the 1970s. He is believed to be worth Â£260 million.
A Labour Party spokesman said: "All donations given to the Labour Party fully comply with guidelines laid down by the Electoral Commission who publish them regularly on their website."