Jun 23, 2017

UK Serious Fraud Office takes advantage of its stay of execution

The courts will decide on the merits of the Serious Fraud Office's case against Varley, and three other former Barclays execs, accused of fraud in connection with Qatar's investment in the bank in 2008. City bigwigs Michael Spencer, Alex Wilmot-Sitwell and Simon Warshaw were in attendance. City Insider hears the co-founder of Seven Investment Management split his time in the 1970s between training as a barrister and working as a labourer on the London tube network, tunnelling the Jubilee line. Hailes is apparently a shoo-in for one of the two sheriffs of the City of London due to be elected on Monday. While the job does not come with a horse, gun or badge, it does entail new digs: Wikipedia informs City Insider that the sheriffs must live and work in the Old Bailey during their year in office, to attend to a judge at any hour.

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