LONDON - A third day of testimony into the Millargate affair has prompted a British lawmaker to describe the events at British Biotech plc as a Shakespearean tragedy.

Unfortunately, select committee member Nigel Beard did not reveal which play he had in mind. Nevertheless, many of the dramatic elements that make up Elizabethan tragedy have appeared in the charges and counter-charges leveled in Millargate: revenge, attempted usurpation, treachery and the fall from grace partly as a result of flaws in the characters.