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UK presses fraud charges against Barclays over Qatar loan

AFP  |  London 

Britain's Office today charged a unit of over alleged linked to emergency fundraising from during the financial crisis a decade ago, the said. The announcement follows a decision by the SFO in June last year to charge PLC, or the unit's group, over the same alleged offence. "The SFO has today charged PLC with the same offence in respect of the loan as charged against PLC on 20 June 2017," a statement from the said today. PLC and four of its former bosses will face trial in 2019 on allegations over the Qatari fundraising, it had already been announced. former chief executive and ex- executives Roger Jenkins, Thomas Kalaris, and have all been charged with conspiracy to commit over a June 2008 bid to raise capital. PLC, Varley and Jenkins have also been charged with providing unlawful assistance over allegations linked to an October 2008 fundraising. It will be the first time that a British has faced a criminal trial over its conduct during the financial crisis.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 14:45 IST
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