Barclays face criminal charges over Qatar deals

Barclays and four former executives have been charged with conspiracy to commit fraud and the provision of unlawful financial assistance.

Barclays face criminal charges over Qatar deals

Barclays and four former executives have been charged with conspiracy to commit fraud and the provision of unlawful financial assistance.

20 June 2017 Tuesday 10:12
Barclays face criminal charges over Qatar deals

The Serious Fraud Office charges relate to the bank's fundraising at the height of the 2008 financial crisis and a $3bn (£2.3bn) loan to the State of Qatar.

Former chief executive John Varley is one of the four ex-staff who will face Westminster magistrates on 3 July.

Barclays says it is considering its position and awaiting further details.

Mr Varley and Roger Jenkins each face three charges while Thomas Kalaris and Richard Boath face one apiece.

The charges relate to Barclays' fundraising in 2008, in which the bank raised emergency capital from Qatari investors as the financial crisis sent the sector into meltdown.

BBC

Updated: 20.06.2017 14:54
Keywords:
BarclaysFraud
Comments
Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Attention! Any person who sends any kind of financial, legal, criminal, administrative liability arising from content that is likely to constitute a crime, illegal, threatening, disturbing, insulting and profane, derogatory, humiliating, vulgar, obscene, immoral, damaging to personality, Belongs to Member / Members.