BBC chairman Richard Sharp resigns over loan scandal

The BBC chairman Richard Sharp on Friday resigned after an investigation report found him to have breached ethical standards over the Boris Johnson loan scandal.

Sharp’s resignation came after an investigation report, published on Friday, revealing his role in breaching governance code for public appointments.

However, he said that the report on the controversial loan established that he played no part in the “facilitation, arrangement, or financing of a loan for the former prime minister.

The investigation led by UK lawmakers found that Sharp had made “significant errors of judgment” by not revealing that he had acted as a go-between to help Johnson secure an 800,000 pound ($964,640 or €902,000) loan, as reported by The Wire.

He was appointed BBC chairman in 2021, shortly after the loan was arranged.
Sharp denied allegations, said that he is stepping down to avoid becoming “a distraction from the Corporation’s good work”.

“I feel that this matter may well be a distraction from the Corporation’s good work were I to remain in post until the end of my term,” said Sharp, in reference to the BBC.

He has agreed to continue to be in his position until the end of June, to give time for the government to appoint a successor. UK’s current prime minister Rishi Sinai once worked under Sharp at the investment bank Goldman Sachs.

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