THE chair of the BBC has said he will not resign from his role at the corporation following a row over reports about a major loan to former prime minister Boris Johnson.

Richard Sharp said he does not believe there was any conflict of interest over his appointment following allegations that he helped then PM Johnson to secure a loan of up to £800,000.

Sharp said he believed his selection process was conducted “by the book” and denied he had misled the advisory panel or MPs on the Commons Digital, Culture, Media and Sport Committee when he appeared before them.

The former banker has been facing calls to stand down after it emerged that in late 2020 he had introduced his friend Sam Blyth to the Cabinet Secretary Simon Case to discuss whether Blyth could act as a guarantor for a loan facility for Johnson.

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On Monday, public appointments commissioner William Shawcross announced he is to investigate Sharp’s appointment as BBC chairman in February 2021 to ensure the process was conducted “fairly, openly and on merit”.

In an interview with BBC News, Sharp said he was “comfortable” with the way the process had been carried out.

“Having had a discussion with the Cabinet Secretary about avoiding conflict, and the perception of conflict, I felt comfortable and I still feel there was no conflict because at that stage what I was seeking to do was ensure that the process was followed exactly by the book, and that the process hadn’t started, of any kind, in terms of any support that Sam [Blyth] was going to provide to the prime minister,” he said.

“I had clarified and agreed with the Cabinet Secretary, both of us had the judgment that I’d avoided a conflict or a perception of conflict.”

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His interview follows a statement on Monday in which he insisted he was “not involved in making a loan or arranging a guarantee” for Johnson, although he acknowledged the row was a “distraction” for the broadcaster.

The former prime minister, who was responsible for Sharp’s appointment, has dismissed the furore as a “load of complete nonsense”, saying Sharp had no knowledge of his personal finances.

Sharp was in the process of applying for the BBC chairmanship when he introduced Blyth to Case and was subsequently appointed to the role at the corporation.

Rishi Sunak, who is under pressure over Tory Party chairman Nadhim Zahawi’s tax affairs, has sought to distance himself from the controversy, saying Sharp’s appointment was made by “one of my predecessors”.