The BBC website has more details about the latest developments in what has been called a 'very complex investigation' in relation to the loan, which was designed to help the club develop Sixfields Stadium.
News of the arrest comes as a reminder of the turmoil that Northampton Town went through just a few months ago when the very future of the club looked to be at stake.
With Chris Wilder's side now top of League Two and some positive developments off the field, it has been easy to overlook that the investigation is very much ongoing.