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Financier Crispin Odey has made an unexpected visit to the court in which former Barclays chief JES Staley challenges the financial regulator in the UK for charges that he reduced ties with the late sex offender Jeffrey Epstein.
Odey, who faces his one’s own implementation action From a British financial behavior in a separate investigation, he briefly entered the courtroom in London after completing the proceedings on Thursday and spoke with a lawyer for Staley.
Odey, who founded the Hedge Fund Odey Asset Management, accuse women of Multiple point of sexual behavior for more than a decade. Finance is currently fighting a request for a personal injury in a civil court, which was filed by five of his alleged casualties.
He also issued a deficiency against the Financial Times, which reported on accusations of various women, which he denied.
Odey’s appearance followed after a four -day cross testn Staley in sometimes fierce exchange with FCA advisor. The high role case included the testimony of the Governor of Bank of England Andrew Bailey and the chairman of Barclays Nigel Higgins.
Staley’s legal team did not expect Odey’s visit to court, one person is familiar with the situation.
Odey warned FCA last year that he intended to take measures against him, because his behavior after sex abuse charges showed “a lack of integrity.”
FCA does not investigate charges of sexual abuse against Odey. Instead, the guard focuses on Odey’s response to his company’s attempts to cope with his alleged behavior.
Odey has the right to challenge the decision of the regulator, which is not yet finally. FCA announced on Friday that she was still preparing to start potential actions against Odey.
Odey refused to comment on FT for the reason for his visit to the court in the case of Staley. He did not respond to a subsequent request seeking a comment on the FCA probe. The Staley lawyer refused to comment on Odey’s appearance.
Staley, 68, tries to abolish the prohibition and a fine imposed on him for allegedly allowing Barclays to deceive a regulator about his relationship with the late sex offender in the 2019 Bank letter. The letter described the pair of couple as close.
Epstein died in a prison cell earlier that year, awaiting trial for charges of sex trade. He previously declared himself guilty of Florida for charges, including the search for a minor.
Staley told the court during the fifth and last day of testimony on Friday that his Career was “finished” Letter, which FCA said he approved.
“I couldn’t work since then,” he said.
He questioned his lawyer, Staley said he had to deal with Epstein’s “problem” while headed by one of the largest financial institutions in the UK.
He described that Barclays was in a “bad place” before the appointment of the 2015 executive director.
“He failed to meet the requirements of the regulator,” Staley said. “Obviously he failed to meet the shareholder’s expectation. She had legal questions, she had structural questions, she had moral questions.”
Turning the bank took “an extraordinary amount of time and effort and passion,” he said.
“While we had this question.. No one should miss for a moment to do all this while running and trying to repair the main British institution.”
