Levy was not quizzed on the real deal yesterday by the Constitutional Affairs Committee for fear of messing up the police inquiry into the affair if anything leaked out.

However some interesting information has reached Guido from Australia about Lord Levy and foreign cash. Aussie billionaire Frank Lowy’s Westfield Group has bought the company with the contract to build the 2012 Olympic Village in London. Buying out the 50% stake held by billionaire Iranian brothers (and foes of Ken Livingstone) David and Simon Reuben. Lowy also grabbed the 25% owned by the property group Stanhope, giving his Westfield 100% of Stratford City Development.

Guido understands that Lowy wants to build a mega 2 million sq ft shopping mall in the middle of the Olympic Village. This of course needed difficult to obtain planning permission consents from government ministers in various departments in what is a politically sensitive matter.

Guido is therefore curious about the A$300,000 retainer paid to the Sleazemaster General in 2002 by Lowy. Since Sleazy Levy has no particular experience in shopping malls, being merely a former manager of Alvin Stardust and Blair’s Special Envoy to the Middle East, what possible reason is there for the billionaire to pay A$300,000 to Lord Levy for advice?