THE TORIES’ top donor is a firm which owes millions in unpaid tax and has been accused of “money laundering,” the Electoral Commission revealed yesterday.

Lycamobile, which sells international telephone call time, was already among the top funders having stumped up £1.5 million for the Conservatives since 2011. 

But it tipped over to become the biggest donor of all in the first quarter of 2016, topping up party coffers by another £569,300 between January and March.

The Tories have ignored calls to stop accepting cash from the company until it pays HM Revenue and Customs a corporation tax bill of at least £9.5m. 

The company was also reported to the police for alleged money laundering by a rival company after employers were caught making “suspicious” six-figure cash deposits at a Post Office. 

Yet the Star revealed in March that cabinet ministers have had dinner with Lycamobile boss Subaskaran Allirajah since those allegations arose as part of the Tories’ donor dinner club.

Lycamobile’s largesse has helped the Tories raise £6.7m from big money backers this year — more than every other party combined. 

And an analysis of the donations shows that more than half the Tory total came from a small elite of donors who are part of the Tories’ “leaders group” cash-for-access dinner club. 

For an entry fee of £50,000 per year, Britain’s richest can buy themselves a seat next to Prime Minister David Cameron, Chancellor George Osborne and other Tory ministers. 

Labour MP Jess Phillips said the latest figures “show that the Conservative Party is increasingly dependent on money brought in through these exclusive and secretive meetings.”

She said their influence was reflected in the fact that the Tories have cut the top rate of tax while slashing benefits worth £1,600-a-year to working families. 

By contrast, contributions from hundreds of thousands of working people through trade unions made the biggest contribution to the £3.7m raised by Labour in 2016. 

The Women’s Equality Party — which contested its first set of elections in May — received £169,474, more than the Scottish National Party (£108,136) and the Green Party (£103,230).