A former NHS finance director faces an investigation by his professional body over allegations that he took £50,000 from a London medical school.

The Chartered Institute of Public Finance and Accountancy is looking into claims that David Morton siphoned money into a business he ran with his brother and to another one run by a friend.

His solicitor, Francis Wallace, said Mr Morton had been questioned at a police station more than a year ago, but has heard nothing from the police since.

Guy's and St Thomas' medical school, where Mr Morton was finance director from 1991-95, said it discovered the£50,000 loss after he moved to a job as finance director at South Bank University.

Mr Francis said his client expected the CIPFA inquiry to last a further three months. He is understood to have repaid most of the money.