Premier Michael Dunkley has accepted Thad Hollis’ resignation as chairman of the One Bermuda Alliance and last night thanked him for his work for the party.

Mr Hollis quit his post only days after unveiling a hard-hitting report into the Jetgate row and a party-linked Bermuda Political Action Club bank account set up to fund a grassroots general election campaign with cash donated by wealthy US businessmen.

“I would like to thank Mr Hollis for his work as chairman, and wish him well as he moves on with his life,” Mr Dunkley, in a letter sent to party members, said.

“In regards to Mr Hollis’ report the party’s central executive will review his findings to adopt any recommendations that will strengthen our operations. “On this matter, I want to make it very clear that we will use this situation to build a stronger, more effective party to support the Government moving forward with the people’s business.”

During a week when allegations and rumour have surrounded the OBA’s actions while in power, the Premier went on to defend his party’s record.

“We’ve accomplished a great deal since the election in terms of rebuilding the economic foundation of the Island, but much remains to be done to extend the security and opportunity all Bermudians need to grow and prosper,” Mr Dunkley said.

“That is our mission and I intend to use the months ahead to continue moving forward using all our experience and energy to meet the pressing needs of the Bermudian people.”

OBA MP Susan Jackson, one of the two deputy chairmen, will take over as chairman in the run up to the party’s Annual General Meeting on September 29, which will see elections for OBA leader and deputy leader as well as party chairman.

He added that Ms Jackson will be assisted by co-deputy chairman Karen Magnum, who will continue as the sole deputy in the run-up to the election.

The letter followed yesterday’s statement by Mr Dunkley that he had not decided whether to accept or reject Mr Hollis’ resignation pending further discussions.

The BPAC cash included $350,000 donated by US tycoon Nathan Landow and US business associates, with OBA consultant Derrick Green and Steven DeCosta as the signatories to the account.

Mr DeCosta in March 2013 joined then-Premier Craig Cannonier, Tourism Minister Shawn Crockwell and former Attorney General Mark Pettingill on a flight to the US on Mr Landow’s private jet to discuss investment in Bermuda — dubbed Jetgate.

Mr Hollis’ report said the existence of the fund was not known to the party executive until 18 months later, and sparked a row that saw Craig Cannonier step down as Premier, although he denied any wrongdoing.