Academy sponsorship linked to sale of peerages: Arrest
"Des Smith, a head teacher and former adviser to the Specialist Schools and Academies Trust (SSAT), which recruits sponsors for the city academies...boasted to the undercover reporter that he was a regular visitor to Downing Street...Friends of...the curry magnate whose peerage was blocked by the commission because of his secret loan, said he was told by Lord Levy not to declare it." (Times Online)
We revealed this special government offer ("buy two schools and get a free peerage") two weeks before the arrests began. It's just as seamy as the Reagan "Arms for Iran" scandal.