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Barclays and former CEO John Varley face criminal charges over Qatar capital raise





John Varley

LONDON — The Serious Fraud Office charged Barclays and four former executives with “conspiracy to commit fraud” and with receiving “unlawful financial assistance” after a probe into a 2008 capital raising funded by Qatari investors.

Former chief executive John Varley was among the four individuals charged.

The other three people charged are:

  • Roger Jenkins, the former Middle East investment banking head.
  • Former wealth management head Thomas Kalaris.
  • Richard Boath, an ex-chief of the bank’s financial institutions group in Europe.

All four executives will appear at Westminster Magistrates court on July 3.

The SFO had been investigating “certain commercial arrangements between Barclays Bank and Qatar Holdings” read more >>>

Source:: BusinessInsider.Com

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