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Former Barclays bosses hid 322 million pounds in Qatar fees in 2008, court told

Reuters  |  LONDON 

By Kirstin Ridley and Lawrence WhiteLONDON (Reuters) - Four former Barclays executives conspired to commit fraud by hiding 322 million pounds of payments to Qatar in return for cash injections in 2008, a prosecutor alleged at the opening of one of London's most high-profile criminal trials.Former chief executive John Varley and three former directors are the most senior bankers to be prosecuted in Britain over events during the financial crisis, when Barclays avoided a state bailout by raising more than 11 billion pounds from mainly Gulf investors in two cash calls.Opening the case for the ...

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First Published: Wed, January 23 2019. 20:06 IST
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