Barclays’ Diamond accused of misleading inquiry

(Reuters) – British lawmakers on Tuesday accused Barclays former chief executive Bob Diamond of misleading a parliamentary inquiry into an interest rate-fixing scandal that has forced him to resign and give up bonuses worth up to 20 million pounds ($30 million).

Diamond hit back, calling the comments made by a parliamentary committee “unfair and unfounded”.

The affair became a major political issue in Britain this month, after authorities fined Barclays more than $450 million for its part in manipulating a crucial interbank interest rate. Diamond resigned on July 3.

Marcus Agius, the chairman of Barclays when its traders fiddled the rate, appeared before a hostile parliamentary panel as part of its investigation into the row which as caused widespread public anger in Britain.

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