Lord Brown Resigns

is reporting on Lord Brown's resignation from BP and the scandal surrounding his case:

Lord Browne, multi-millionaire chief executive of BP, has dramatically resigned after he admitted lying on oath to a High Court judge.

The 59-year-old, once one of Britain's most powerful businessmen, could face a charge of perjury or perverting the course of justice.

He will also lose £15 million in cash and shares he would have received if he had retired, as he planned, in July.

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