Advertisement

  1. ITV Report

Seven arrests made in connection with missing Sixfields millions

Northampton Town's Sixfields Stadium

Seven people have been arrested in connection with a missing £10.25 million loan made by the Borough Council to Northampton Town Football Club for stadium development work.

The cash was handed over in 2013 but it's been alleged that only a small part of the money was given to developers the Buckingham Group.

At the end of 2015 police announced that they were investigating to discover whether the rest of the funds had been misused.

They've now confirmed that they are following up more than 700 lines of enquiry.

Although no-one has been charged seven people have been arrested and another nine have been interviewed under caution.

In a statement police said

Northamptonshire Police continue to investigate the complex circumstances of the lending, use, and loss of £10.25 million of public money which was set aside for the redevelopment of Sixfields Stadium, the home of Northampton Town FC.

To protect the integrity of this large financial investigation we do not routinely comment on the work ongoing, however, we recognise that this must be balanced against the understandable public interest.

As part of 700 separate lines of inquiry we continue to investigate and analyse the results of thousands of financial transactions, relating to allegations of theft and fraud, bribery, misconduct in public office and electoral offences.

– Northamptonshire Police