Tories face ‘cash-for-access’ allegations

London: The co-treasurer of the Conservative Party resigned late Saturday after a newspaper undercover report appeared to show him offering to provide access to the government in exchange for money, an embarrassing setback for the party that leads the UK’s coalition government.

Peter Cruddas, who became the party’s co-treasurer at the beginning of this month, resigned after The Sunday Times newspaper filmed him offering undercover reporters, posing as lobbyists, access to Prime Minister David Cameron in return for donations of as much as £250,000 (around $400,000) a year.

Cruddas, in a statement, said: “I deeply regret any impression of impropriety arising from my bluster.”

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