Barclays and four former senior executives are facing criminal charges relating to the bank’s emergency fundraising at the height of the financial crisis.
The Serious Fraud Office (SFO) capped a five-year investigation by announcing Barclays had been charged with conspiracy to commit fraud and the provision of unlawful financial assistance.
It said: “The charges relate to Barclays Plc’s capital raising arrangements with Qatar Holding LLC and Challenger Universal Ltd, which took place in June and October 2008, and a $3bn loan facility made available to the State of Qatar acting through the Ministry of Economy and Finance in November 2008.”
In addition to the allegations it was levelling against the bank, the SFO charged its-then chief executive John Varley and another senior executive at the time, Roger Jenkins, with conspiracy to commit fraud by false representation over the capital raisings.
They are also facing a charge of unlawful financial assistance.
Source: Barclays bosses face criminal charges over 2008 Qatar deals
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