Journalists Paul Caruana Galizia and Antonia Cundy discuss their investigation into the allegations of sexual assault against Crispin Odey, shedding light on the challenges faced in reporting sensitive stories. They explore the repercussions of the news story on Odey's business and the FCA's probe into Odey Asset Management's mishandling of sexual harassment complaints.
Investigative journalism requires cautious fact-checking and empathetic reporting.
Regulatory bodies like the FCA play a critical role in addressing workplace misconduct and accountability issues.
Deep dives
The Investigation into Financier Crispin Ody
The podcast episode delves into an investigation centered around financier Crispin Ody, a prominent figure in the city of London. He faced allegations of sexual misconduct, leading to his removal from the partnership of OD Asset Management, the fund firm he founded. Despite denials from Ody, multiple women came forward with accusations spanning from 1985 to 2021, ultimately resulting in the firm's winding down and significant repercussions on Ody's career.
Reporting Challenges and Care for Sources
The journalistic process of reporting on sensitive allegations such as those against Ody involves extensive care for sources and rigorous fact-checking. The podcast highlights the challenges faced in corroborating evidence for the story, protecting sources, and providing detailed accounts while maintaining sensitivity towards the traumatic experiences shared by the women making the allegations. Balancing meticulous investigation with empathy and support for the sources is crucial in such investigative journalism.
Financial Conduct Authority's Role and Outcome
The Financial Conduct Authority's (FCA) involvement in the investigation into OD Asset Management's handling of sexual harassment complaints against Crispin Ody is discussed. The FCA's close supervision of the firm, following multiple complaints and allegations, shed light on a culture of complicity within the company. Despite the FCA closing its investigation post the firm's dissolution, concerns remain regarding the responsibility of senior executives in addressing Ody's behavior and the impact on the victims within the organization.
Paul Caruana Galizia (Tortoise) and Antonia Cundy (Financial Times) discuss their joint piece on Crispin Odey, the former hedge fund manager now denying multiple allegations of sexual assault. Part five of the 2024 Paul Foot Award mini-series.
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