The BBC reports that:
"Lord Levy has been re-arrested by police looking into cash-for-honours allegations.
He was held on suspicion of conspiracy to pervert the course of justice and was later bailed.
Lord Levy, a close ally of Tony Blair, was previously arrested in connection with claims honours had been sold in exchange for party donations.
A spokesman said that Lord Levy "completely denies any allegations of wrongdoing whatsoever".
The Metropolitan Police team investigating the allegations has so far spoken to about 90 people including Tony Blair and former Conservative leader Michael Howard.
All involved deny any wrongdoing.
Four people have been arrested - Lord Levy, Downing Street adviser Ruth Turner, Labour donor Sir Christopher Evans and head teacher Des Smith, who was involved in the government's City Academy programme. No one has been charged.
Lord Levy was first arrested last July, in connection with alleged offences under the Honours (Prevention of Abuses) Act 1925 and Political Parties, Elections and Referendums Act 2000.
Nearly two weeks ago Downing Street political adviser Ruth Turner was also arrested on suspicion of perverting the course of justice. She has denied any wrongdoing and has the backing of Mr Blair.
The inquiry began after it emerged that a number of large secret loans had been made to the Labour Party before the 2005 general election, and that some of those lenders had subsequently been nominated for peerages.
The investigation has since widened to cover the other main parties.
Last year, Scotland Yard said it was due to hand over a file on the case in January to the Crown Prosecution Service, which wouldl decide whether any charges should be brought."
Ha Ha Ha Ha Ha Ha Ha Ha ... well, you get the gist.
And yes, the BBC has actually reported this!
You can't "conspire" with only one person can you, Tony? This carries a maximum life sentence, but Blair and Levy will probably not go to prison, because of who they are. Or, to put it another way, if they don't go to prison, then it will only be because of who they are. Unless, of course, the judge argues that there is simply no vacant cell to put them in. Suddenly, all sorts of things start to make sense...