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150217oborne

Peter Oborne [Image: Guardian].

Torygraph columnist Peter Oborne has quit the paper in what appears to be a principled stand against journalistic corruption. He says the newspaper that made him a household name committed a fraud on its readers in order to keep an advertising contract with the HSBC bank.

Here’s The Guardian on this breaking story:

Peter Oborne, the Daily Telegraph’s chief political commentator, has resigned from the paper, accusing it of a “fraud on its readers” over its coverage of HSBC.

In a blistering attack on the paper’s management and owners, Sir David and Sir Frederick Barclay, Oborne claimed the paper deliberately suppressed stories about the banking group in order to keep its valuable advertising account.

He said it was a “most sinister development” at the paper, where he claimed the traditional distinction between the advertising and editorial department had collapsed.

He said he had intended to leave quietly but had a “duty to make all this public” following the Telegraph’s coverage of last week’s revelations about HSBC’s Swiss banking arm, which helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities.

Oborne said readers “needed a microscope to find” the paper’s reporting of the HSBC scandal, which received many pages of coverage in other UK national titles including the Guardian, Financial Times, Daily Mail and Times.

Read more in the Guardian article.

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