Barclays charged by Serious Fraud Office over Qatar capital raising
Tuesday, 20 June 2017 (
1 week ago)
The Serious Fraud Office has announced today it has charged Barclays over a 2008 fundraising from Qatar.
It said this morning that it had charged the bank and four individuals with "conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act 1985".
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The defendants will appear before Westminster Magistrates' Court on 3 July.
The decision comes after a five-year investigation, with the probe focusing on whether commercial agreements between the bank and Qatari investors at the time of the fundraising were against UK law.
Qatar Holding invested in Barclays between June and October 2008, at the height of the financial crisis, when it was seeking extra cash.
The authorities have been investigating payments from the bank to Qatar around the same period.
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