"My reaction is that it's a scurrilous article, " Giuliani said today after appearing at the New York Stock Exchange.

CNN: Navigation

Rice called Clarke's allegations "scurrilous" and made the rounds of news shows last week to challenge his credibility.

CNN: Rice: 'Nothing to hide' from 9/11 commission

Sir Nick has dismissed the rumours as scurrilous but with the markets already nervous of Ford's prospects, they are unlikely to help his credibility, or the company's share price.

BBC: Ford's finances under scrutiny