Barclays charged by Serious Fraud Office

Barclays charged by Serious Fraud Office

The Serious Fraud Office has charged Barclays Bank Plc with unlawful financial assistance contrary to the Companies Act 1985.

The charges relate to financial assistance Barclays Bank Plc gave to Qatar Holding LLC between 1 October and 30 November 2008, which was in the form of a US$3 billion loan for the purpose of directly or indirectly acquiring shares in Barclays Plc.

This follows charges brought against the holding company, Barclays Plc, and four individuals in June 2017.

A date for the first court appearance will be set in due course.

Published: by Radio NewsHub
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