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Lucy Frazer has said she is 'minded' to examine the proposed deal which would see the take over of the Telegraph funded by Abu Dhabi-based backers
Lloyds Banking Group has pledged to retain the independent board brought in to oversee the sale of The Daily Telegraph during a government probe into its potential purchase by an Abu Dhabi-backed investment fund.
Sir Simon Fraser, the former civil servant who is now helping Sheikh Mansour try to seize control of The Telegraph, knows a conflict of interest when he sees one.
The Telegraph, which the Barclay family bought in 2004, was put into receivership by Lloyds Banking Group earlier this year as a result of unpaid debts of £1.1billion.
Flint Global, the public affairs firm set up by Ed Richards, is giving secret advice to RedBird IMI amid growing calls for the government to order an inquiry into the titles’ takeover, Sky News learns.