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Howard Davies said he resigned as director of the London School of Economics and Political Science, where U.S. President John F. Kennedy and billionaire George Soros once studied, to protect the university’s reputation.
It was a mistake to accept a 1.5 million-pound ($2.4 million) donation from Libya’s Gaddafi International Charity and Development Foundation and an error to accept a British government invitation to advise Libya on its investments, Davies told the British Broadcasting Corp. today.
A leaked US diplomatic cable indicates the British government was also party to the deal to bring 400 Libyans to Britain for leadership training. The cable published by WikiLeaks suggests that other UK universities were involved in similar schemes, though there is no independent confirmation of this.