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Albert Manifold denies allegations of misconduct that led to his abrupt removal as BP chairman this week, calling the board’s claims 'false' and vowing legal action. The oil giant’s decision has sparked fresh scrutiny over corporate governance at one of the UK’s most influential firms.
BP abruptly removed Chairman Albert Manifold late Friday following an internal review that uncovered significant failures in governance oversight. The board cited 'serious breaches' of conduct standards, prompting an emergency vote. The shake-up comes as activists intensify pressure on the energy giant’s ethical policies.
A 2023 search of the Murrell-Sturgeon home exposed systematic embezzlement. Detectives now allege £650,000 vanished through falsified invoices over ten years, with key evidence linking Murrell to shell companies in Edinburgh and London.