SFO Charges Barclays, Four Individuals in Qatar Case
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Source: BFW (Bloomberg First Word)
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BARC LN (Barclays PLC)
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BFW Europe Credit News
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(Bloomberg) -- Barclays Plc and four former executives were charged with conspiracy to commit fraud regarding the bank’s 2008 capital raising from Qatar, following a five-year investigation into one of the most turbulent periods in financial history.
- The Serious Fraud Office said Tuesday that former Chief Executive Officer John Varley, former chairman of investment banking for the Middle East Roger Jenkins, ex-deputy head of investment banking Richard Boath and ex-wealth chief Thomas Kalaris face charges along with the bank
- The case stems from 322 million pounds ($410 million) in fees Barclays paid Qatari investors for a loan as part of a wider 12 billion-pound fundraising during the 2008 financial crisis to avoid a state bailout
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
BARC LN (Barclays PLC)
Topics
BFW Europe Credit News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283