Legatum is a supporter of press freedom and democratic values. And our approach to problems is to work hard at relational solutions.
So, it is with regret and reluctance that we ever turn to legal remedies to defend our reputation.
Nonetheless, our good name is critical to achieving our commercial and philanthropic objectives, so we are prepared to do what it takes to defend ourselves if relational remedies do not work out.
In recent months, we have been under a sustained, energetic and co-ordinated campaign to discredit and smear our name. Christopher Chandler, one of our founders, has been a particular target. A large body of false information about Legatum and Mr. Chandler has circulated.
We appreciate that in the current climate, it is difficult for news organisations and private publishers like bloggers and Tweeters to always differentiate between false news and substantiated content. Therefore, we are grateful to those people who have taken the time to correct and retract.
To help those who are writing about Legatum ensure that they are abreast of this story, here is a snapshot of the retractions and apologies to date.
It is worth adding, though, that we also have several IPSO complaints and a defamation lawsuit in play at the moment. Since we very much hope to resolve these amicably, it is not helpful to list these here.
We have also sent a Lord McAlpine-style letter to a Twitter user offering an opportunity to retract and apologise for their defamatory tweet.
And, lastly, it is worth adding that we intend to explore any legal remedies required to set the record straight and clear our name including those that uphold basic individual rights and laws of natural justice.
In the eye of the storm, we have peace in all circumstances. But what is at stake here is something more important than Christopher Chandler’s and Legatum’s reputations - it is truth itself that is in the balance.
Through our philanthropy, we help millions of people. We will clear our name and, when we do, we will continue creating and supporting some of the most innovative and impactful philanthropic and humanitarian efforts in the world, as we have done for over a decade.
And we will continue supporting the great work of The Legatum Institute Foundation, and the remarkable team there executing on their mission “to create pathways from poverty to prosperity.”
Anyone who wishes to check facts about the Legatum Group or Christopher Chandler can call Mark Lunn on +44 (0) 20 3397 0100 or +44 (0) 7775 992 309.
Anyone wishing to check facts about the Legatum Institute can call Alistair Masser on +44 (0) 7810 570 505.