First Published: 2018-02-12

UK presses fraud charges against Barclays over Qatar loan
Serious Fraud Office charges Barclays PLC over alleged fraud linked to emergency fundraising from Qatar during financial crisis a decade ago.
Middle East Online

Barclays PLC and four of its former bosses will face trial in 2019 on allegations over the Qatari fundraising

LONDON - Britain's Serious Fraud Office on Monday charged a unit of Barclays over alleged fraud linked to emergency fundraising from Qatar during the financial crisis a decade ago, the bank said.

The announcement follows a decision by the SFO in June last year to charge Barclays PLC, or the unit's parent group, over the same alleged offence.

"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," a statement from the bank said on Monday.

Barclays PLC and four of its former bosses will face trial in 2019 on allegations over the Qatari fundraising, it had already been announced.

Barclays former chief executive John Varley and ex-executives Roger Jenkins, Thomas Kalaris, and Richard Boath have all been charged with conspiracy to commit fraud over a June 2008 bid to raise capital.

Barclays PLC, Varley and Jenkins have also been charged with providing unlawful assistance over allegations linked to an October 2008 fundraising.

It will be the first time that a British bank has faced a criminal trial over its conduct during the financial crisis.

 

Bloodbath in Syria's eastern Ghouta

Two hardline Syria rebels announce merger

IS kills 25 Iraqi militiamen near Kirkuk

Sudan frees dozens of activists detained after protests

Saudi Arabia to host first Arab Fashion Week

Iran finds wreckage of crashed plane on top of mountain

Israel’s gas contract with Egypt: deal or no deal?

Somalia appoints new police, intelligence chiefs

Iran plane crash rescue search halted for second night

France reaffirms commitment to Iran nuclear deal

Turkey warns Syria against protecting Kurds

Abbas warms up to Moscow amid cold US-Palestinian ties

Israel strikes 'historic' gas contract with Egypt

Are Iranian satellite channels aiding regime change?

Israel pounds Gaza with air strikes after rocket attack

Iraq orders deportation of French jihadist

Pro-Assad militias to enter Syria's Afrin

Three Egyptian soldiers killed in Sinai

Israeli, US officials meet over gas row with Lebanon

Iran's supreme leader says progress needed on justice

Syria Kurds claim striking positions in Turkey

Netanyahu warns Iran, brandishes piece of metal

66 feared dead as plane crashes in Iranian mountains

Saudi women to open businesses without male permission

Netanyahu slams 'outrageous' Holocaust remark by Polish PM

Israeli air strikes kill 2 in Gaza

Six suffer breathing difficulties after Turkish shelling in Afrin

Russian mercenaries - a discrete weapon in Syria

Iran protests ban on wrestler who threw bout to avoid Israel

Fears of expanding Syrian war could trigger peace deal

Battle to free Mosul of IS 'intellectual terrorism'

Turkey frees Garman-Turk journalist after one year without charge

Turkey hands life sentences to 3 journalists for Gulen links

Turkey, US agree to ‘work together’ in Syria

Thousands protest corruption in Tel Aviv amid PM indictment call

Prominent jihadist commander killed by rival Syria rebels

300 Russians killed in Syria battle last week

Tillerson, Erdogan have ‘productive, open’ talk

Iran raises rates, freezes accounts in bid to shore up rial

Kremlin says five Russians killed in US Syria strikes

Oman FM in rare visit by Arab official to Jerusalem

Senior IS leader extradited to Iraq from Turkey

Strikes hit another hospital in Syria's Idlib

Churches snub Jerusalem reception over tax dispute with Israeli authorities

Tillerson says US never gave 'heavy arms' to Kurdish YPG