Nigel Farage is said to have bought a £1.4m house soon after being given a £5m “gift” from a Thailand-based crypto billionaire.
The Reform UK leader is being investigated by the Commons sleaze watchdog for failing to declare the multi-million-pound donation from party donor Christopher Harborne, made weeks before Mr Farage stood in the 2024 general election.
Mr Farage has previously insisted there is “no case to answer” over the gift, which he said was needed to pay for private security for the rest of his life.
But he is now facing further questions after property records, seen by Sky News, have shown he completed the purchase of a £1.4m property in cash in May 2024.
Mr Farage hit out at the report, calling it “fake news by the establishment media who will do anything to hurt Reform”.
He wrote on X: “I had passed proof-of-funds and the relevant checks before receiving the gift. Sky News did not publish that part of our statement despite knowing the truth.”
He then told The Sun that the gift was given as a “reward for campaigning for Brexit for 27 years”.
A spokesperson for Mr Farage said: “The relevant chronology is straightforward. The offer and purchase process for the property commenced before the gift.
“Mr Farage had already passed proof of funds and the relevant checks before receiving the gift. The purchase was therefore already proceeding independently of it.”
Labour have accused Mr Farage of trying to “cover up” the controversial donation from Mr Harborne.
Anna Turley MP, chair of the Labour Party, said: “Nigel Farage has repeatedly dodged questions on his multi-million-pound ‘gift’. Now we can see why – this totally stinks. Farage must urgently come clean with the public as to what this £5m was used for and why he failed to declare it.”
“The facts are simple. Farage took £5m from a crypto billionaire, tried to cover it up, and bought an expensive house after taking the money. Not only that, he promised to cut taxes on crypto transactions. It’s [an] open and shut conflict of interest.
“Farage may keep trying to avoid scrutiny, but he simply can’t be trusted – he isn’t on your side.”
Mr Farage has previously said the money “was given to me so that I would be safe and secure for the rest of my life”.
“I have tried and failed in the past to get security funded by the Home Office, and I don’t think the state will ever help me,” he added.
“I’m very much on my own and will be for the rest of my life, and I have to face up to that grim reality. Christopher is an ardent supporter who is deeply concerned for my safety.”
Mr Harborne has separately donated millions to Reform, including a £9m donation in August 2025 – the biggest single donation in history to a political party from a living person.
Mr Farage is now set to face an investigation by the parliamentary standards commissioner over the gift.
If the probe finds he committed a serious breach of parliament’s rules, he could be suspended from the Commons. A suspension of 10 days or more could trigger a recall petition, which could potentially see him forced to fight his Clacton seat again.
A Reform UK spokesperson said: “Mr Farage’s office is in communications with the Parliamentary Commissioner for Standards. He has always been clear that this was a personal, unconditional gift and no rules were broken.
“We look forward to this being put to bed once and for all.”
