barclays charged with conspiracy over qatar rescue plan
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Barclays charged with conspiracy over Qatar rescue plan

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Barclays charged with conspiracy over Qatar rescue plan

Barclays Bank
London - WAM

The United Kingdom's Serious Fraud Office, SFO, has charged Barclays PLC and four former top executives with conspiracy to commit fraud during the bank’s 2008 capital raising from Qatar as it sought to avoid a bailout.

The SFO, a non-ministerial government department of the Government of the United Kingdom, said Tuesday 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, along with Barclays had been charged with conspiracy to commit fraud by false representation in the lender’s dealings with Qatari investors .

"The charges relate to Barclays Plc's capital raising arrangements with Qatar Holding LLC and Challenger Universal Ltd, which took place in June and October 2008, and a US$3bn loan facility made available to the State of Qatar acting through the Ministry of Economy and Finance in November 2008," the SFO said in a statement today.

The development is immensely significant as it represents the first criminal charges levelled against either a bank or top executives during the 2008 crisis, considered one of the most turbulent periods in financial history.

Source: WAM

 

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

barclays charged with conspiracy over qatar rescue plan barclays charged with conspiracy over qatar rescue plan

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

barclays charged with conspiracy over qatar rescue plan barclays charged with conspiracy over qatar rescue plan

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 15:17 2017 Thursday ,17 August

Three airlines jostling for Air Berlin assets: CEO

GMT 05:38 2017 Thursday ,06 April

ExxonMobil, Qatar Petroleum sign Cyprus gas deal

GMT 02:41 2016 Saturday ,24 December

Oil dips before holiday week; Libyan output boost weighs

GMT 11:31 2014 Thursday ,14 August

Kanye West's new single 'All Day' leaks online

GMT 10:43 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 08:27 2018 Friday ,05 January

US warns Iran to be held to account

GMT 09:17 2017 Saturday ,23 December

Ugandan army says it attacked rebel camps

GMT 01:57 2017 Saturday ,21 January

In Libya, Daesh down but not out

GMT 05:51 2012 Wednesday ,18 January

Shireen’s latest out soon

GMT 08:56 2017 Thursday ,26 October

Workplace harassment blights industries across board

GMT 17:51 2017 Wednesday ,25 October

Maxwell says refused service over kneeling for anthem

GMT 17:53 2016 Wednesday ,20 April

OIC slams Netanyahu 's statements on Golan Heights

GMT 14:41 2016 Tuesday ,19 January

2 Daesh members killed in Libya's Derna

GMT 21:51 2016 Monday ,29 February

Airstrike targets suspected Daesh convoy in Libya

GMT 21:18 2016 Tuesday ,15 November

Rare suicide attack south of Baghdad kills 8

GMT 17:56 2015 Thursday ,27 August

US journalist killings revive gun control debate
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday