Here’s why
Four former senior executives have been charged by the Serious Fraud Office (SFO) after a five-year investigation over conspiracy to commit fraud and the provision of unlawful financial assistance.
The SFO said: “The charges relate to Barclays Plc’s capital raising arrangements with Qatar Holding LLC and Challenger Universal Ltd, which took place in June and October 2008, and a $3bn loan facility made available to the State of Qatar acting through the Ministry of Economy and Finance in November 2008.”
Thomas Kalaris and Richard Boath who were in senior roles at Barclays in 2008 face just one charge, conspiracy to commit fraud by false representation.
All are to appear in court on 3 July.
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