Sky News and the BBC are reporting that a 60 year old man has been arrested over the "Cash for Peerages" scandal.
The police have said it is not an MP or a peer but have refused to say whether the man is a member of a political party.
Update: the arrested man is apparently Des Smith, the former government advisor on City Acadamies. This is the same guy that the Sunday Times revealed had said something along the lines of "give 2 million quid to build an Academy and you can have a peerage" (real transcript is here)
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