Qatar, China, Japan sought 'extras' after Barclays 2008 fundraising: court

LONDON: Qatari, Chinese and Japanese investors all sought"extras" from Barclays as the British bank raised billions of pounds at the height of the credit crisis in 2008, a landmark London criminal trial heard on Wednesday.

Prosecutors allege the four defendants misled shareholders and other investors by not disclosing that Barclays paid an extra 322 million pounds to Qatar through so-called"advisory service agreements" , described as a"mechanism of paying the Qataris what they wanted". "The Japanese, Chinese, Qataris all wanted extras and the extras were dealt with in different ways without it affecting the level playing field for everyone else," said Boyce, taking the court through Leighton's interviews with the SFO and markets regulator in 2014 and 2013.

Source: Law Daily Report (lawdailyreport.net)

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UAE, other Gulf states could co-host expanded Qatar 2022 World Cup - sports chiefThe United Arab Emirates, Kuwait and Oman could stage some World Cup 2022 matches in order to hold an expanded event, if the countries have ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Commercial flights to and from Pakistan, India disrupted as tensions riseNEW DELHI: Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan on Wednesday (Feb 27) after the South Asian ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Nine countries at UN seek to override China to raise MyanmarThe United States, France, Britain and six other countries on the UN Security Council have called for a meeting on Myanmar that is expected to face opposition from China, diplomats said Wednesday. The meeting requested for next week would be to hear a report from UN envoy Christine Schraner Burgener
Source: YahooSG - 🏆 3. / 71 Read more »

UAE, other Gulf states could co-host expanded Qatar 2022 World Cup - sports chiefThe United Arab Emirates, Kuwait and Oman could stage some World Cup 2022 matches in order to hold an expanded event, if the countries have ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Emperor Akihito, soon to abdicate, urges Japan to build 'sincere' ties with worldTOKYO: Japan's Emperor Akihito, who will abdicate at the end of April in the first such event in two centuries, marked the 30th anniversary of his ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Okinawa 'no' vote won't delay US base move: Japan PMJapan's Prime Minister Shinzo Abe said Monday that the controversial relocation of a US military base in Okinawa will not be delayed despite a referendum that saw voters reject the move. 'It has been 20 years since Japan and the US agreed' to relocate the Futenma base, Abe said. '
Source: YahooSG - 🏆 3. / 71 Read more »

Japan’s exports post biggest drop in more than 2 yearsTOKYO: Japan's exports posted their biggest decline in more than two years last month, adding to concerns about slowing global demand and trade frictions as business confidence softens and orders for the country's machinery goods fell. Its Ministry of Finance data out...
Source: thenewpaper - 🏆 7. / 63 Read more »

Russia delivers high-speed internet to islands disputed by JapanMOSCOW: Russia has established high-speed internet service on a chain of Pacific islands off its far eastern coast, state-run telecoms operator ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan spars with South Korea over multilateral naval drillsTOKYO/SEOUL (BLOOMBERG) - Japan and South Korea are engaged in a fresh spat - this time over whether Japan will participate in multilateral naval exercises set to take place off Busan in late April - amid renewed hostility over Japan's past colonisation of the Korean peninsula.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »