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Britain charges Barclays over unlawful Qatari deal

Barclays said it was considering its position and awaiting further information about the charges

Kirstin Ridley & Lawrence White  |  London 

Barclays and four former top executives were charged with fraud on Tuesday over undisclosed payments to Qatari investors as part of a £12 billion ($15 billion) emergency fundraising during the financial crisis in 2008. Britain's Serious Fraud Office (SFO) charged Barclays, former chief executive John Varley, Roger Jenkins, Tom Kalaris and Richard Boath with conspiracy to commit fraud and unlawful financial assistance in its first criminal prosecution of a bank and senior managers over events during the credit crisis. Barclays said it was considering its position ...

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First Published: Wed, June 21 2017. 02:17 IST