Feb 26, 2020

Barclays jury sent out to consider verdicts

The jury in the trial of three former senior Barclays bankers have retired to consider their verdicts after one of the most high-profile criminal trials ever brought by the Serious Fraud Office. Lord Justice Popplewell, the trial judge who finished summing up the evidence on Wednesday, sent the jury at London's Old Bailey out following a five-month trial. The jury will decide the fate of three defendants, including Roger Jenkins, the former head of Barclays' Middle Eastern division who earned a £25m bonus for arranging Qatari investment in the two cash calls in June and October 2008. The jury is also considering two counts against Tom Kalaris, who was the American head of the bank's wealth unit in 2008, and Richard Boath, the investment banking unit's former European co-head of financial institutions. The trial has lifted the lid on the febrile atmosphere as markets roiled in 2008 and Barclays did everything possible to avoid government control.

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