Edition: United Kingdom  
One News Page
“Probably the fastest-access news portal in the world”
> >

Serious Fraud Office set to announce whether Barclays faces Qatar charges

City A.M. Sunday, 18 June 2017 ()
Serious Fraud Office set to announce whether Barclays faces Qatar chargesThe Serious Fraud Office (SFO) is set to reveal this week whether Barclays is to face criminal charges over a 2008 emergency fundraising from Qatar.

After a five-year investigation, the SFO is expected to announce its decision on Tuesday morning.

The probe has focused on whether commercial agreements between the bank and Qatari investors at the time of the fundraising were against UK law.

*Read more*: Barclays sells off more African assets offloading Barclays Bank of Zimbabwe

Qatar Holding invested in Barclays between June and October 2008, at the height of the financial crisis, when it was seeking extra cash.

The authorities have been investigating payments from the bank to Qatar around the same period.

The SFO has said it is “conducting a criminal investigation into certain commercial arrangements between Barclays Bank and Qatar Holding in 2008”.

The SFO and Barclays declined to comment.

*Read more*: Barclays up to third in the FTSE 100 broking rankings
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Barclays and four individuals charged with conspiracy to commit fraud during financial crisis

The Serious Fraud Office has charged Barclays and four individual with conspiracy to commit fraud and for providing what it calls unlawful financial assistance.
Independent - BusinessAlso reported by •BBC Newsthisismoney.co.ukWales Online

Barclays charged by Serious Fraud Office over Qatar capital raising

Barclays charged by Serious Fraud Office over Qatar capital raising
The Serious Fraud Office has announced today it has charged Barclays over a 2008 fundraising from Qatar. It said this morning that it had charged the bank...
City A.M. - Business


You Might Like


Other recent news in Business

Stock market emerges as one of the winners from BREXITShares in AMERICAN AIRLINES fly as Qatar eyes 10 per cent stake
Premier Inn urgently reviews CLADDINGIRELAND AND AFGHANISTAN granted Test status
The boss of Dunkin' Donuts just bought LEYTON ORIENTInvestors shun this UK VIRTUAL REALITY firm's tie-up with Microsoft
DONALD TRUMP claims attaching solar panels to Mexico border wall will ensure fortification 'pays for itself'AIRBUS' Leahy reveals negotiating tricks after 'last air show'
ALTICE USA CEO says cable sector is ripe for more dealsWatch: How Airbnb's Jonathan Mildenhall used Twitter to lobby CANNES LIONS on ethnic diversity

Twitter

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+