Lady Archer to quit Anglia Television
Mary Archer, wife of Jeffrey Archer, the millionaire novelist and former Conservative Party deputy chairman, will resign as a non-executive director of Anglia Television after the board meeting next month.
An Anglia spokesman said Lady Archer had advised David McCall, Anglia's chairman, early in December that she wished to retire in February after serving eight years as a non-executive director. Lady Archer was abroad yesterday and unavailable for comment.
Her decision follows the storm created by revelations of her husband's dealing in Anglia shares, which sparked off a Department of Trade and Industry Inquiry. Lord Archer placed orders for shares days before MAI, Lord Hollick's media group, made an agreed £300m bid for Anglia. The shares were subsequently sold and reaped a profit of £80,000.
Lord Archer said he made no personal gain as the shares were bought on behalf of a Kurdish business associate, Broosk Saib. He publicly apologised for the needless embarrassment he had caused his wife. Lady Archer insisted she had not informed her husband of the impending takeover.
The DTI investigation into allegations of insider dealing was never published, but last July the DTI said it would take no action. In September the Stock Exchange also announced it would take no action as a result of its inquiries.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies