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June 20th, 2017 
Awake Goy
Fraud: Britain Charges Barclays, Ex-Bosses Over ‘Unlawful’ Qatari Deal
June 20th, 2017
Via: Reuters:
Barclays (BARC.L) and four former top executives have been criminally charged over undisclosed payments to Qatari investors during a 12 billion pound ($15 billion) emergency fundraising in 2008.
Britain’s Serious Fraud Office (SFO) said on Tuesday it was charging Barclays with conspiracy to commit fraud and unlawful financial assistance, making it the first bank to face criminal charges over actions taken during the financial crisis.
Barclays said it was considering its position and awaiting further information about the charges, which follow a five-year SFO inquiry into how it avoided the fate of Lloyds (LLOY.L) and RBS (RBS.L) by staving off a state bailout.
The SFO also charged former top Barclays executives John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath after investigating a two-part fundraising that included a $3 billion Barclays loan to the wealthy Gulf state.
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