BARCLAYS FACES MORE CHARGES OVER QATAR LOAN
February 1st, 2018
THE UK’s Serious Fraud Office (SFO) has said (February 12) that it has brought further charges against Barclays Bank in an ongoing case involving the raising of capital in Qatar. The SFO has charged Barclays Bank with unlawful financial assistance over a USD3 billion loan it gave Qatar Holding LLC between October 1 and November 30, 2008, to help it buy shares in Barclays Plc. The loan was designed to help Barclays in the midst of the financial crisis, but the practice is illegal in the UK. The move follows charges brought against the holding company, Barclays ...
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