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Libor scandal: Bob Diamond 'dismayed' by MPs' claims

Category: Business

Published: 10th Jul 2012 19:51:03

Former Barclays chief executive Bob Diamond has said he is "dismayed" by MPs' views that he was "less than candid" when he appeared before the Treasury Select Committee last week.

In a letter to committee chairman Andrew Tyrie, Mr Diamond said such a suggestion was "unfair and unfounded".

He was referring to comments on Tuesday, when Barclays chairman Marcus Agius appeared before the committee.

MPs suggested there were discrepancies between what the two men had told them.

Mr Agius was asked if he had passed on the Financial Services Authority's "issues" with Mr Diamond when he was appointed as chief executive. Mr Agius said that he had.

When Mr Diamond appeared before the committee last week, he said he had not.

Mr Diamond resigned last Tuesday in the wake of the Libor rate-rigging scandal, and faced MPs the next day.

It has been reported that he may be summoned before the committee again.

In his letter, Mr Diamond said the comments at Mr Agius's hearing had had "a terribly unfair impact" on his reputation.

"I look forward to discussing this issue with you further if you wish to do so," he said.

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BBC News, 2012. Libor scandal: Bob Diamond 'dismayed' by MPs' claims [Online] (Updated 10th Jul 2012)
Available at: http://www.ukwirednews.com/news/1439754/Libor-scandal-Bob-Diamond-dismayed-by-MPs-claims [Accessed 21st Aug 2014]

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