Home Business NewsBusinessBanking News Former Barclays chiefs cleared of £4bn fraud charges

Former Barclays chiefs cleared of £4bn fraud charges

by LLB Reporter
28th Feb 20 12:07 pm

Three former Barclays executives have been cleared at the Old Bailey of fraud over a £4bn investment deal with Qatar.

The jury acquitted Roger Jenkins, 64, Tom Kalaris, 64, and Richard Boath, 61, who had all denied any wrongdoing, following a five month trial.

The Series Fraud Office (SFO) alleged Barclays gave Qatar secret fees amounting to billions to help it to survive without a UK government bailout in 2008.

The SFO has been delivered yet another blow after another wasted seven year investigation.

An SFO spokesperson said, “Our prosecution decisions are always based on the evidence that is available, and we are determined to bring perpetrators of serious financial crime to justice.

“Wherever our evidential and public interest tests are met, we will always endeavour to bring this before a court.”

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