A contestant on the popular BBC TV series, Dragons’ Den, has been arrested as part of an international drug syndicate, after trying to use the show to fund a major drug deal.

Peter Begley (36), was arrested at the BBC studios for possession of a class A drug shortly after lunch time yesterday.

A show insider explained the incident, “It was clear that Mr. Begly wasn’t our typical contestant after he showed up wearing a track suit, baseball cap and a pair of trainers.”

“He had no business plan or presentation ready for his slot,” claimed the source. “He simply showed up with a big bag of white powder and just announced that he wanted the hundred thousand pounds to purchase a substantial amount of cocaine.”

“He told the Dragons that they could expect a two hundred percent return on their investment within six weeks,” recounted the BBC insider. “He also said that any investors would also get twenty percent of any further deals made through the proceeds of the original investment.”

“Then he spent twenty minutes taking cocaine, explaining how good this particular cocaine was and listing different names for the drug,” she explained, “he had some really obscure ones like powdered cum of the gods and Colombian elephant ivory.”

“He finished up by shoving a key tip full of the white powder into the faces of the Dragons’,” continued the source. “All of whom, apart from Duncan Bannatyne, refused the drugs and ruled themselves out of the investment opportunity on moral grounds.”

It is rumoured that Bannatyne eventually ruled him self out after Mr. Begley refused to meet his demands of a four hundred percent return on his initial investment, with the Scotsman later claiming that he could get “much better and much cheaper” cocaine in Drumchapel, Glasgow.