COURT THROWS OUT BARCLAY’S USD3 BILLION QATARI FUNDING CASE
May 1st, 2018
A UK court May 21 dismissed fraud charges against Barclays Bank over a USD3 billion loan to Qatar, in what is a major blow for the Serious Fraud Office (SFO) that launched the case last summer after a five-year investigation. However, the London Crown Court only threw out the corporate charges, leaving in place the cases that the SFO brought against four individuals at the same time - former CEO John Varley plus senior executives Roger Jenkins, Thomas Kalaris and Richard Boath. Their trial is due to start in January 2019. In a statement for investors, ...
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