RADIO star Paul Gambaccini has reportedly won a five-figure payout from prosecutors over a botched sex abuse probe.

The 69-year-old said he lost £200,000 in earnings and legal fees after he was falsely accused of molesting two men in the 1970s and ’80s.

Sources claim the case against him contained “howling factual errors”, with one accuser describing him as a “light- skinned Asian”.

Gambaccini, known as the Professor of Pop, was kept on bail for a year and replaced by the BBC before he was finally cleared in October 2014.

When the case was dropped, the Crown Prosecution Service wrongly suggested the two complainants had been under-age.

Gambaccini began legal proceedings last year and has accepted a five-figure payout, according to the Daily Mail. The CPS also agreed to cover his legal fees, which are likely to be much higher.

It comes days after Alison Saunders stepped down as Director of Public Prosecutions following a series of “catastrophic failures” during her five-year reign, which included the child sex abuse probe Operation Yewtree.

Gambaccini, who has written a book about his ordeal, is continuing a separate damages claim against the Met Police.

The CPS said last night: “We have reached an agreement without admission of liability.”