British MPs Question James Murdoch for Second Time Over Phone Hacking Scandal (NWSA)

News Corporation (NASDAQ: NWSA) Chairman and CEO Rupert Murdoch’s son, James Murdoch has been questioned for a second time over by a British parliamentary committee over the phone hacking scandal that rocked the U.K. earlier this year and led to shut down of News of the World tabloid.

Murdoch, who is the CEO of News International, today said that two former executives at News of the World misled lawmakers about his involvement in the phone hacking scandal.

Murdoch accused News of the World editor Colin Myler and legal manager Tom Crone for misleading lawmakers. He said that he disputed vigorously the version described by the former executives when the tabloid was shut down earlier this year due to the scandal.

Murdoch’s comments came as he faced a parliamentary committee for the second time. In July, Murdoch and his father had testified in front of the committee and said that they did not have any knowledge about the phone-hacking at News of the World. On being questioned by Labor Member of Parliament, Tom Watson, whether he misled the committee in July, Murdoch said “No I did not”.

Murdoch further told the committee that he believes that the committee was given evidence by individuals either full possession of facts, or now it appears in the process of his own discovery, it was economical. He said that evidence given by Myler and Crone was inconsistent and not right.

The phone hacking scandal caused a huge controversy in U.K. earlier this year and eventually led to the shut down of News of the World. Although it is not clear whether James Murdoch and his father Rupert had any knowledge about phone-hacking at the tabloid, they have faced criticism from shareholders over governance issues.

Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.