WATERVILLE  Several protesters assembled at Colby College on Saturday to ask the institution to disassociate itself from former Barclays chief executive Bob Diamond.

About a dozen protesters stood outside of the Diamond Building, which is named for the current Colby College board of trustees chairman. A few cars honked as the protesters held up signs calling for Diamond’s resignation.

“For Diamond’s name to be attached to the college in any way, in particularly as chairman of the board of trustees, is a travesty. It just can’t continue,” said Jody Spear of Brooksville, who graduated from Colby in 1963.

Diamond resigned as chief executive of Barclays on July 3 in the midst of a scandal regarding interest rates reports of its interbank borrowing rates that were falsified. That data goes into the calculation of a key market index, the London interbank offered rate, according to the Associated Press. Barclays was fined $453 million by U.S. and British agencies for its submission of those false reports.

Diamond, a 1973 graduate of Colby, donated $6 million towards a building that would be named after him, the Diamond Building. Construction began on the building in April 2005 and it opened in February 2007. It houses eight departments, including economics and government, along with the Goldfarb Center for Public Affairs.

Augusta’s Ed Bonenfant, one of the Occupy Augusta protesters on campus on Saturday, urged the college to look into the funds Diamond has donated to the school over the years.

“We basically want them to audit all of the funds they got from Robert Diamond to discover whether or not these were clean or dirty funds and to take his name off the building and fire him,” said Bonenfant.

A representative from the college could not immediately be reached on Saturday.


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