Barclays, former execs charged over Qatar fundraising


The Serious Fraud Office said yesterday that former chief executive officer John Varley, former chairman of investment banking for the Middle East Roger Jenkins, ex-wealth chief Thomas Kalaris, and Richard Boath, the former European head of the bank

LONDON: Barclays Plc and four former executives were charged with conspiracy to commit fraud regarding the bank’s 2008 capital raising from Qatar, following a five-year investigation into one of the most turbulent periods in financial history.

The Serious Fraud Office said yesterday that former chief executive officer John Varley, former chairman of investment banking for the Middle East Roger Jenkins, ex-wealth chief Thomas Kalaris, and Richard Boath, the former European head of the bank’s financial institutions group, face charges along with Barclays.

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Business , Qatar , barclays , fundraising ,

   

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