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7

Ousted Shell Chairman At Law With Financial Services Authority

Sir Philip is disputing the way in which the City regulator handled his case

Shell company former chairman Sir Philip Watts today begins a battle with the Financial Services Authority over his claim that the City regulator abused his rights, The Guardian reported.

Ousted over the oil company's reserving problems, Sir Philip is disputing the way in which the City regulator handled his case when it levied a record 17 million pounds fine on Shell.

The Financial Services and Markets Tribunal, which is hearing the case, is convening today to establish whether Sir Philip should be allowed to proceed with his claim.