Diamond ‘dismayed’ at MPs’ claims - Banking - News - Moneyfacts


Diamond ‘dismayed’ at MPs’ claims

Diamond ‘dismayed’ at MPs’ claims

Category: Banking

Updated: 11/07/2012
First Published: 11/07/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The former chief executive of Barclays, Bob Diamond, has written a letter to MPs in response to claims he was "less than candid" during his interrogation by the Treasury Select Committee last week.

The committee had said that there were 'discrepancies' between statements made by Mr Diamond and Marcus Agius, who appeared before the panel on Tuesday.

The claims relate to Mr Agius' questioning, during which MPs asked if he had passed on the Financial Services Authority's "issues" with Mr Diamond when he was appointed as chief executive. Mr Agius replied that he had, contradicting Mr Diamond's claim that he had not.

In his letter, Mr Diamond said: " Having watched the committee's session, I was dismayed that you and some of your fellow committee members appear to have suggested that I was less than candid with the committee last week. Any such suggestion would be totally unfair and unfounded.

"The comments made have had a terribly unfair impact on my reputation, which is of paramount concern to me."

Mr Diamond resigned from his position last week amid a storm of controversy regarding attempted Libor rate fixing by Barclays traders.

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