LONDON, April 27 (Reuters) – Allegations made towards British financial institution Barclays’ former CEO Jes Staley concerning his ties with intercourse offender Jeffrey Epstein are “very severe”, the lender’s present CEO C.S. Venkatakrishnan mentioned on Thursday.
In a name with reporters after the lender’s first quarter outcomes had been revealed, Venkat mentioned he was not ready to remark additional on the allegations contained in U.S. court docket filings.
Venkat mentioned the allegations had been being adjudicated in New York, which he mentioned was the “proper and correct place”.
Staley is being sued by his former employer JPMorgan for eight years of pay and to cowl two lawsuits stemming from the financial institution’s work with Epstein, who was a shopper of the personal financial institution that Staley used to run.
One lawsuit was filed by ladies who accused the financier of sexual abuse. The opposite was filed by the U.S. Virgin Islands, the place Epstein owned a personal island. Each search cash damages and neither lawsuit names Staley as a defendant.
In U.S. filings this week, Staley accused JPMorgan of utilizing him as a “public relations defend” and mentioned the allegations lacked authorized or factual foundation.
A former investor within the financial institution final week mentioned the lender ought to have made extra checks over the matter. Shareholder advisory group ISS stopped in need of recommending buyers oust board members, however mentioned they need to await the end result of assorted investigations within the affair.
Venkat declined to touch upon the vetting made by the board when requested by reporters on Thursday.
Reporting by Lawrence White, writing by Iain Withers, Modifying by Sinead Cruise
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