0:00
Jess saley who is the former CEO of Bank
0:02
and giant Barkley's is trying to
0:04
overturn abandon him from holding senior
0:06
leadership positions after he's found to
0:08
misled his relationship with Jeffrey
0:10
Epstein this all started when the
0:12
financial conduct Authority or the FCA
0:16
asked Barkley in 2019 to explain the
0:18
relationship between the pair at the
0:20
time Jeffrey Epstein was arrested in
0:22
July 2019 on federal charges of sex
0:25
trafficking of minors in Florida and in
0:27
New York he died a month later in jail
0:30
Epstein also pleaded guilty sisting sex
0:32
from girls as young as 14 back in 2008
0:35
Barky went on to supply the FCA with a
0:37
letter explaining the relationship which
0:39
included claims that Jess sty didn't
0:41
have a close relationship with Jeffrey
0:43
Epstein however in October 2023 the FCA
0:46
stunned the city when it issued a
0:48
decision notice against him fining he
0:50
recklessly approved a letter sent by
0:52
Barkley to the FCA the FCA said that
0:55
they founded he provided them with two
0:56
misleading statements the first was on
0:59
his claim that he didn't have a close
1:00
relationship with Epstein the regulator
1:03
found emails between the two where he
1:05
where stealey described Epstein as one
1:07
of his deepest and most cherished
1:08
friends the other was over claimed that
1:11
stey ceased contact with epsin well
1:13
before he joined Barkley in December
1:15
2015 but the regulator found that he had
1:17
contact with Epstein in the days leading
1:19
up to his appointment as CEO for this
1:22
the FCA fined stadle £1.8 million and
1:26
banned him from holding a senior
1:27
position in the financial sector in in
1:30
addition to this Barkley's also
1:31
suspended his bonus and share Awards and
1:34
scrapped a series of payouts to him
1:36
worth 17.8 million pound now he is
1:40
seeking to fight this decision against
1:42
him he took his case to the upper
1:43
tribunal in London which started on
1:46
Monday at the Royals building in front
1:48
of Judge Harrington according to David
1:50
Hamilton a partner of Law Firm Howard
1:52
Kennedy the tribunal is empowered not
1:54
only simply to review the fca's decision
1:57
but to consider the case from scratch
1:59
and make fun findings of facts and law
2:01
it is understood that the bank of
2:02
England Governor Andrew Bailey who is
2:04
the former FCA chief executive and the
2:07
current Barkley's chair Nigel Higgins
2:09
have provided witness statements to the
2:11
tribunal in written submissions Staley's
2:14
barister said he never attempted to
2:16
conceal his relationship with Epstein
2:18
and the letter aimed to ensure the
2:20
authority that neither Barkley nor
2:22
himself had any knowledge or involvement
2:24
in Epstein's criminal activities the
2:27
tribe will continue into April and a
2:29
decision will be is should afforded
2:30
under the line if you want to stay up to
2:32
date with the latest on this story head
