Aug 9, 2019
Former Barclays executives face extra fraud charges in Qatar case
Former top bankers at Barclays who will stand trial over the bank's arrangements with Qatar during the financial crisis now face additional fraud charges. The defendants now face substantive fraud charges in addition to those of conspiracy when their retrial starts at London's Old Bailey in October. Facing retrial are Roger Jenkins, once the bank's rainmaker in the Middle East who negotiated the two capital calls; Tom Kalaris, who led the bank's wealth division; and Richard Boath, the former European head of the financial institutions group of Barclays' investment bank. The new indictment has all three charged with substantive fraud, over the first capital raising Barclays undertook in June 2008, as well as conspiracy to commit fraud by false representation. By adding substantive fraud offences to the indictment, the SFO can avoid the jury having to acquit all three defendants on conspiracy charges alone if, for example, it found two were not guilty of unlawfully conspiring.
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