SFO CHARGES BARCLAYS FOR FRAUD OVER QATAR LOAN




Hassam Hameed-TDO-12.02.2018- A unit of Barclays has been charged with fraud over fundraising as an emergency measure during the financial crisis in 2008. Former senior ex-officials of the bank will face trial in 2019 for conspiracy to commit fraud in order to raise capital.

Barclays said in a statement that "The SFO has today charged Barclays Bank PLC with the same offence in respect of the loan as charged against Barclays PLC on 20 June 2017". This announcement came as of this Monday. Announcement came as a follow up by Barclays Bank to a decision by Britain Serious Fraud Office last year in June 2017.

Barclays Plc and four of its senior former executives are to face trial in 2019. Former bosses include Chief Executive John Varley and ex-executives Roger Jenkins, Thomas Kalaris and Richard Boath. They have also been charged for providing unlawful assistance during the financial crisis.