UK Daily Mail 
March 4, 2011
Sir Howard Davies paid the price last night for the London School of Economics’ controversial financial links with Libya.
He dramatically resigned as director of the LSE council after it met in emergency session.
The university announced that former Lord Chief Justice Lord Woolf will conduct an independent inquiry into the university’s link with the Gaddafi regime.
The LSE has been heavily criticised over a £1.5million donation by Gaddafi’s son Saif, which was made a year after he was awarded a PhD by the prestigious institution. There have been allegations that Saif’s work was the result of plagiarism.
Last night the university revealed that it had also signed a £2.2million contract with Libya to train its civil service and had already received £1.5million of that from the dictator’s regime.
Lord Woolf will now investigate all the LSE’s dealings with Libya and Saif Gaddafi’s PhD.