Jun 20, 2017

Barclays charged with fraud in Qatar case

Barclays and four former executives have been charged with conspiracy to commit fraud and the provision of unlawful financial assistance. The Serious Fraud Office charges relate to the bank's fundraising at the height of the 2008 financial crisis and a $3bn loan to the State of Qatar. 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.

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