Police investigate £1.5m missing from Yes Scotland finances

Police are investigating a complaint regarding the finances of Yes Scotland Ltd, the official campaign group for Scottish independence in the 2014 referendum, following allegations that £1.5 million is unaccounted for. The complaint was lodged by David Henry, a former SNP branch secretary, who is scheduled to meet with detectives this week to provide a full statement and a dossier of evidence.

Henry's complaint focuses on a note in Yes Scotland's 2014 accounts, published in August 2015. The note explained that the campaign changed its accounting treatment for £878,978 in donations, recognizing the sum as immediate income rather than deferred income. This adjustment increased the company's total reported income for the period from £1,524,998 to £2,403,976. Henry alleges this £1.5 million figure does not appear in subsequent company filings. From 2016 onwards, Yes Scotland Ltd has filed dormant accounts showing a zero balance, leading Henry to question where the money went.

The complaint also highlights discrepancies in how the company's 2014 financial position was reported. The original 2014 accounts showed net assets of £75,117. However, the 2015 accounts, when restating the...