United Kingdom  Video

“Britain's speediest news portal”
One News Page
> >

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
 
Source: Wochit News - < > Embed
News video: Barclays Fraud Charges Could Affect Relationships With UN Departments

▶ Barclays Fraud Charges Could Affect Relationships With UN Departments 00:49

On Tuesday Britain's Serious Fraud Office charged Barclays Plc and four former executives over undisclosed payments to Qatari investors during an emergency fundraising in 2008 financial crisis. Chief Executive Jes Staley described its legal cases as being 'legacy issues' that the bank is seeking to...

You Might Like


Tweets about this


Other recent news in Business

Bank of ENGLAND governor says people should prepare for a few interest rate risesDEBENHAMS sales hit by 'Beast from the East'
A possible bidding war is looming for Shire as ALLERGAN mulls an offerJapan FINANCE official resigns over sex scandal
Weir launches rights issue after striking $1.3bn TAKEOVER of US tools firmFour-day DLR strike on LONDON Marathon weekend is called off by the RMT
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 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+