Police probe Yes Scotland campaign's 'missing £1.5m' claim
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Police inquiry into Yes Scotland campaign's 'missing £1.5m' claim
7 July 2026
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Yes Scotland campaigned during the 2014 independence referendum
Police are making inquiries after a complaint was made about the finances of Yes Scotland, the group which campaigned for independence in the 2014 referendum.
The Sunday Mail has reported on claims that it was not known how income of more than £1.5m had been spent.
The newspaper said the complaint was made by David Henry, who was one of those whose concerns about the SNP's finances led to the Operation Branchform investigation and the eventual conviction of former chief executive Peter Murrell.
Yes Scotland Ltd, which was launched by former SNP leader and First Minister Alex Salmond to campaign for independence ahead of the referendum, has not been active since 2014.
Its latest set of dormant accounts were published last year, showing a zero balance.
The organisation told the Sunday Mail that all the money is accounted for and there has been no wrongdoing, adding that Murrell had no access to its bank accounts.
Yes Scotland has subsequently pointed BBC Scotland to the audited referendum returns which are available online.
PA Media
Figures published by the Electoral Commission show that Yes Scotland reported receiving donations of more than £2.6m and spent more than £1.4m during the referendum campaign.
The pro-union Better Together campaign reported receiving almost £3.7m in donations and spent more than £1.4m.
BBC Scotland has asked Yes Scotland to provide records of its income and expenditure. As a small company, it is not obligated to publish this information.
The SNP has said Yes Scotland Ltd was an "entirely separate organisation" from the party.
Henry told the Sunday Mail that the campaign company's accounts from 2016 onward showed a zero balance and £1.5m which was recorded earlier appeared to have "just gone".
Henry was disqualified from acting as a company director for eight years in 2011. He says this related to a civil matter heard in his absence, and that he declared it to the SNP.
A Police Scotland spokesperson said: "We have received a complaint and inquiries are ongoing."
'Incredibly serious allegations'
It comes after former SNP chief executive Peter Murrell was jailed for more than five years after he admitted embezzling more than £400,000 from the party over five years.
Police Scotland and the Crown Office investigated Murrell's actions in Operation Branchform.
Scottish Labour's deputy leader Dame Jackie Baillie said: "These are incredibly serious allegations and it is right that they are considered by the police.
"There are still far too many unanswered questions surrounding Peter Murrell's fraudulent activities and the secrecy of the SNP.
"John Swinney and the SNP need to stop running scared and come clean about these allegations and back a full financial audit of the accounts."
Scottish Conservative leader Russell Findlay said: "Peter Murrell's crimes were enabled by the SNP's toxic culture of control and aggressive aversion to basic levels of scrutiny.
"But John Swinney's determination to shut down an independent inquiry shows that they haven't learned any lessons.
"That's why an inquiry is critical and why these latest allegations should be fully investigated by the police."
An SNP spokesperson said: "The criminal actions of Peter Murrell were uncovered by a complex and extensive police investigation which found the SNP was the victim of embezzlement."
Scotland
Scottish independence
SNP (Scottish National Party)
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