James Murdoch's Testimony Leads To Resignation Of Top Parliamentary Adviser; Financial Watchdog To Get Involved?
James Murdoch's Testimony Leads To Resignation Of Top Parliamentary Adviser; Financial Watchdog To Get Involved?"
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James Murdoch‘s evidence to the UK media ethics inquiry has already claimed one victim. Adam Smith, the adviser to Culture Secretary Jeremy Hunt, resigned today amid calls for Hunt’s own
resignation. Adding fuel to the fire, Brtain’s Financial Services Authority could be interested in investigating emails revealed yesterday that surround News Corp‘s aborted bid to acquire
the part of BSkyB it does not already own.
Related: James Murdoch Testimony Analysis: Political Ties Are Main Focus As UK Culture Secretary Comes Under Fire
Hunt’s name came up most often in Murdoch’s testimony yesterday as evidence of email exchanges between Hunt’s adviser Smith and Murdoch’s public affairs chief Fred Michel during the BSkyB
bid process were read aloud. The communications could fall into “market abuse” territory, The Financial Times reports.
According to evidence at the inquiry, Smith was the go-between for Michel and Hunt. Smith resigned saying he acted without Hunt’s authority and that he had allowed the impression to be
created of too close a relationship between News Corp and the Department of Culture Media and Sport.
Related: Live-Blog: James Murdoch Appears Before Leveson Inquiry
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