Story perspectives

Police Probe £1.5 m Missing from Yes Scotland Funds

7/5/2026

Summary

Police Scotland Inquiry

Police Scotland opened an inquiry after David Henry reported that £1,524,998 vanished from Yes Scotland Ltd’s accounts.
The Sunday Mail noted that dormant accounts from 2016 onward showed a zero balance.
A prior-period adjustment note recorded other income rising from £1,524,998 to £2,403,976 in the 2014 accounts.
The Electoral Commission said Yes Scotland spent £1.42 million on campaigning between May 30 and September 14, 2014.

Summary

Clerkin Flags Funds

Yes Scotland Ltd filed accounts in August 2024 confirming it held no bank balance as of October 2024.
The company’s registered address is 7/11 Melville Street, Edinburgh, used by accountants Johnston Carmichael, who resigned as SNP auditors in 2023 and has not been involved with the firm since 2018.
Sean Clerkin, who complained about missing ring-fenced money in 2021, said he is appalled by further evidence of missing funds from the 2014 referendum.

Summary

Opposition Demands Audit

Opposition politicians called for a full audit of Yes Scotland after Peter Murrell’s crimes were linked to the SNP’s toxic culture.
John Swinney refused an inquiry, which opponents cite as proof the SNP has not learned from Murrell’s embezzlement.
Ross Greer praised Murrell’s 25 percent pay rise as a Yes Scotland staffer and deleted the tweet after Murrell’s £400,000 embezzlement conviction.

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Police Scotland Inquiry

Police Scotland opened an inquiry after David Henry reported that £1,524,998 vanished from Yes Scotland Ltd’s accounts.
The Sunday Mail noted that dormant accounts from 2016 onward showed a zero balance.
A prior-period adjustment note recorded other income rising from £1,524,998 to £2,403,976 in the 2014 accounts.
The Electoral Commission said Yes Scotland spent £1.42 million on campaigning between May 30 and September 14, 2014.

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