Chimbonda, 28, was arrested and questioned by City of London police on suspicion of conspiracy to defraud and bailed until October, but McKay has defended the loan to Chimbonda and admitted that he has made similar loans to other players.
"Pascal had just joined Spurs and was a bit short at the time, so I gave him some money," McKay told The People. "He rang me up and asked if I could lend him £18,000 so I said ´no problem, just come up and get it´."
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