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View the article online at http://citywire.co.uk/wealth-manager/article/a603599

Diamond: I did not mislead MPs over Libor

by Daniel Grote on Jul 11, 2012 at 08:15

Diamond: I did not mislead MPs over Libor

Former Barclays boss Bob Diamond has hit out against ‘terribly unfair’ and ‘unfounded’ claims he misled MPs over the Libor scandal.

In a letter to Treasury Select Committee (TSC) chairman Andrew Tyrie released to the Telegraph yesterday evening, Diamond said he was ‘dismayed’ at allegations he had lied when giving evidence to the committee last week.

‘Having watched the Commission’s session [with Barclays executive chairman Marcus Agius], I was dismayed that you and some of your colleagues appear to have suggested that I was less than candid last week,’ he said. ‘The comments… have had a terribly unfair impact on my reputation.’

John Mann MP accused Diamond of ‘calculatedly and deliberately misleading’ the committee, while David Ruffley MP asked Agius if Barclays' former chief executive had ‘lied’ in his evidence.

Aguis said that he could not ‘speak for Mr Diamond’s testimony’. In his evidence to MPs, Agius said Bank of England governor Mervyn King had forced Diamond’s departure. Diamond had said he was unaware of contact between regulators and Agius over his position.

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