A report into a $350,000 donation by US businessmen to an One Bermuda Alliance-linked election campaign raises more questions than it answers, veteran politician and Independent MP Terry Lister said.

“I would have to say I was very disappointed that a report that we were told would take a short period of time has taken two months,” Mr Lister said.

“The second aspect is the timing — the fact that Parliament has ended appears to say that they didn’t want to be questioned in Parliament on it. “When you read through it, you are faced with more questions than answers — after more than two months, we should have more on who was moving the money around and why this was deemed to be acceptable.”

The report by OBA chairman Thad Hollis said then-campaign manager Michael Fahy, now a Senator and Minister, gave the green light for the money to be deposited in the Bermuda Political Action Club account and that the OBA executive were unaware the fund had existed until 18 months later.

But Lister — a former campaign chairman for the PLP — said: “The campaign chairman saw fit to approve this action, which clearly isn’t the way things should go. It was a course of action that wasn’t appropriate and it should have been shared with someone else. The report makes it appear that the Senator made a decision all by himself and that’s just not appropriate. I have been a campaign chairman — with big decisions, you speak to the party leader, the deputy party leader.

“You have their approval. I would have thought the same thing would have happened here.”

Mr Lister said: “If Michael Fahy did it all by himself, the party should be concerned about the appropriate action to take.

“If he didn’t do it by himself, this inquiry, which took two months, should have been able to determine whose permission he had.”

And he called on Mr Hollis to investigate further to clear up question marks over the affair. Mr Lister said: “The level of disclosure is really not appropriate. There is still more that needs to be done.

“Let’s not just whitewash this and shove it under the rug.”

Mr Lister added that he was also surprised by OBA political consultant Derrick Green’s announcement that he had not been interviewed for the report — which suggested that the OBA was looking for a fall guy.