Mary Archer evidence at the High Court in a libel case brought by her husband against the "Daily Star" newspaper, which claimed Jeffrey had slept with a prostitute called Monica Coghlan. During his summing up at the end of the trial, the judge, Mr Justice Caulfield, asked: "Has she elegance? Has she fragrance? Would she have, without the strain of this trial, radiance?" In 2001, when Jeffrey Archer was accused of having committed perjury in the 1987 trial, she appeared at the Old Bailey to defend him. Jeffrey Archer was subsequently convicted and imprisoned for perjury and perverting the course of justice.
Jeffrey Archer whereupon Archer sold them on behalf of his friend for a profit of £77,219. The arrangements he made with the stockbrokers meant he did not have to pay at the time of buying the shares. An inquiry was launched by the Stock Exchange into possible insider trading. The Department of Trade and Industry, headed by Michael Heseltine, announced that Archer would not be prosecuted due to insufficient evidence. His solicitors admitted that he had made a mistake, but Archer later said that he had been exonerated. In 1999, Archer had been selected by the Conservative Party as candidate for the