Former Conservative co-treasurer Peter Cruddas has won £180,000 libel damages over Sunday Times allegations about charging to meet David Cameron.
The High Court in London also ordered the newspaper to pay £500,000 in costs.
The businessman, 59, complained that the articles in March last year suggested he had corruptly offered the chance to gain unfair advantage through secret meetings with the PM.
Mr Cruddas, who resigned after the reports, called them "malicious".
He said his actual legal costs had been about £1m, and the Sunday Times would have to "pay most of that".
'Reputation cleared'Mr Cruddas, standing outside the High Court, also criticised the Tory leadership, saying: "The fact remains that, when the story broke, the behaviour of the Conservative Party made the whole thing a lot worse.
"The fact that Mr [David] Cameron said it was quite right I resigned [when] he didn't have my side of the story."
He added: "The Conservative Party, by not giving me support... and lining up to criticise me in public, made the situation a lot worse."
Mr Cruddas also said: "What matters to me and my family is that my reputation is cleared."
In its report, the Sunday Times alleged that Mr Cruddas had suggested that major financial donors could get access to Mr Cameron, including attending meetings in No 10.
Labour said the "dinners for donors" revelations suggested the Conservatives were in hoc to big business and the Conservatives launched an investigation into internal party funding procedures, which has yet to report.
Mr Cruddas said that his "good name had been restored".
"My world was turned upside down when that article was published," he said.
"I remember vividly having to walk into my offices the day after the article was published and face 500 of my staff, many of whom had a clip of the Sunday Times interview on their video screens. It was humiliating.
"The Conservative Party cut me off within two hours of the story breaking and did not want to hear my side of the story.
"I was constructively dismissed from my role as party treasurer and made to feel like an outcast as the prime minister and the party lined up to criticise me on television and radio.
"This hurt me immensely and further damaged my reputation."
In the court ruling, Mr Justice Tugendhat said Mr Cruddas had "endured public humiliation from the prime minister".
The BBC News Channel's chief political correspondent Norman Smith said Mr Cruddas's comments were a "very personal attack" on Mr Cameron.
A Conservative Party spokesman said it was pleased Mr Cruddas had won the case and had "put this matter to rest".
"He was right to take the steps he has in order to put beyond doubt any question of impropriety. We are very appreciative of everything Peter has done for the party."
Mr Cruddas, who before becoming treasurer was one of the party's leading donors, also succeeded in his claim for malicious falsehood against the newspaper but no separate damages award was made in respect of that today.
The Electoral Commission dismissed calls for an inquiry into the allegations last year, stating that there was no evidence that the law on donations had been breached.
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