Bloomberg Law
June 21, 2017, 2:46 PM UTC

Barclays Qatar Case Bright Light Amid Bleak Future for SFO

Bloomberg Media

By Suzi Ring, Bloomberg News

A U.K. Serious Fraud Office decision to charge Barclays Plc and four of its former executives this week could be a last hurrah for the embattled agency, targeted for closure by the Prime Minister.

The SFO charged Barclays along with former Chief Executive Officer John Varley, former chairman of investment banking for the Middle East Roger Jenkins, and two more senior managers, Thomas Kalaris and Richard Boath, with conspiracy to commit fraud in relation to a 2008 fundraising from Qatar. The case centers on side deals the bank made as part of a 12 billion-pound ...

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