One Bermuda Alliance chairman Thad Hollis has quit — only days after releasing a hard-hitting report into a $350,000 donation to a party-linked grassroots organisation.

But last night Mr Hollis’ position was unclear and a party spokesman said yesterday that Mr Hollis was due to meet with Premier Michael Dunkley to discuss his decision to stand down.

The spokesman confirmed: “The Acting Leader of the One Bermuda Alliance is in receipt of a letter of resignation from Chairman Thad Hollis.

“It was presented to the Party Central Executive last night and, as of yet, it has not been accepted or rejected, pending further discussions.”

And the spokesman said: “The party will update the press as soon as the matter is resolved.”

Mr Hollism who submitted his resignation on Monday, did not return calls from The Royal Gazette last night.

After last night’s regular caucus meeting, Mr Dunkley declined to comment further.

And the two deputy party co-chairmen, MP Susan Jackson and Karen Magnum, were staying tight-lipped.

Ms Jackson, asked if Mr Hollis was still chairman, said: “I’m not really in a position to comment to know one way or another.

“Probably the best person would the OBA leader.”

Ms Magnum added: “No comment. I’m sorry.”

The cash, placed in an account set up by the Bermuda Political Action Club, was donated by US tycoon Nathan Landow and a group of American business associates in the run-up to the 2012 General Election.

The row that followed — dubbed Jetgate — led to the resignation of Craig Cannonier as Premier in May.

The money was aimed at mobilising voters in a grassroots campaign — but the party executive, including Mr Hollis, was unaware of the fund’s existence until 18 months later.

Mr Hollis’ report revealed that the existence was known to then-campaign chairman Michael Fahy, who greenlighted setting it up at the Bank of Butterfield.

The account had two signatories — US-based OBA political consultant Derrick Green and Stephen DaCosta, a business associate of former Premier Craig Cannonier.

Mr Hollis’ report highlighted the lack of proper accounting for the use of the money and said its establishment was against party rules.