Three former top Barclays executives are due in court on Monday charged with fraud linked to how the bank raised billions of pounds from Qatar in 2008.
The SFO's criminal proceedings against the bank itself were also dismissed by a court last year. Mr Varley and Barclays had each denied wrongdoing. The trio is each charged with conspiracy to commit fraud by false representation and fraud by false representation.The case centres on claims of secret payments to Qatar as part of a deal to raise more than £11bn from investors in two tranches in June and October 2008.
The cash injection from Qatar helped Barclays avoid the government bailout fate of High Street rivals, including Royal Bank of Scotland.
and its took 11 years for this ?
Why so quiet?
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