Fraud inquiry into £100 million hole in London Development Agency’s Olympic accounts

Has the London Development Agency found another way to waste taxpayers' money on the London Olympics?

Today The Times reports that forensic accountants are investigating irregularities at the LDA after discovering a £100 million hole in its 2012 Olympics accounts.

A team from accountants KPMG has been called in to find the source of the missing millions.

Two senior members of staff at the agency have been suspended, although there is no evidence of wrongdoing. Gareth Blacker, who was in charge of buying the land on the Olympic park under the biggest and most controversial forced relocation conducted in Britain, is on indefinite leave along with his accountant.