Nov 23, 2016
Barclays executive dismissed after SFO interview, tribunal hears
Barclays dismissed one of its top executives as a "Direct result" of what he told investigators who have a criminal probe open against the bank, a tribunal has heard. Richard Boath, who until this year was Barclays' chairman of financial services, will argue in an unfair dismissal hearing against the bank that he was sacked following investigators at the UK's Serious Fraud Office passing Barclays a transcript of his interview with them, his lawyer told a London tribunal in a hearing on Wednesday. The SFO wants Mr Boath's hearing to be held in private to "Preserve the confidentiality of" its interview with Mr Boath. Barclays has deployed a squadron of top lawyers including Mr Lissack, while the trio of lawyers representing the SFO includes Edward Brown QC. The start of the employment tribunal trial has been delayed a number of times. The delay, combined with Barclays' support for the hearing to be in private, raises questions over whether Barclays is seeking to keep a lid on Mr Boath's claim until after the SFO has reached a charging decision in its probe.
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