Parliament: Diamond Misled Us

    LONDON, ENGLAND - JULY 04:  Former Barclays Chief Executive Bob Diamond (2nd R) leaves Portcullis House after appearing before the Treasury Select Committee on July 4, 2012 in London, England. Mr Diamond, who resigned as Barclays Bank Chief Executive yesterday, was questioned by Members of Parliament for more than three hours about inter-bank interest rate-fixing that caused the bank to be fined £290 million.  (Photo by Peter Macdiarmid/Getty Images)

    Peter Macdiarmid / Getty Images

    Bob Diamond may have resigned and agreed to testify in front of British Parliament when an interest-rate-fixing scandal within Barclays Bank, of which he was CEO, came to light. But now British lawmakers think Diamond misled Parliament during its inquiry into the Barclays scandal. During another hearing Tuesday, members of Parliament pointed to differences between the claims made by Diamond last week and a letter released by the bank’s financial watchdog. “He has calculatedly and deliberately misled this parliamentary committee ... Mr. Diamond has been misleading this committee, hasn’t he?” asked John Mann, of the Labour Party. Diamond rejected these accusations, calling them “unfair and unfounded.”

    Read it at Reuters