Barclays and Former Executives Charged Over Qatar Fund-Raising<br />The fraud office said that it had charged Barclays, its former chief executive John S. Varley<br />and the former bankers Roger A. Jenkins, Thomas L. Kalaris and Richard W. Boath with conspiracy to commit fraud by false representation related to the June 2008 fund-raising.<br />A number of former executives had been interviewed as part of the investigation, including the former chief executives Mr. Diamond<br />and Mr. Varley, the former finance director Chris Lucas, and Mr. Jenkins.<br />By CHAD BRAYJUNE 20, 2017<br />LONDON — Barclays, its former chief executive and three other former senior managers were criminally charged on Tuesday over<br />agreements the bank struck with Qatar as it sought to avoid a government bailout during the 2008 global financial crisis.<br />The accusations by the Serious Fraud Office are the first criminal charges to have been brought in Britain against a bank<br />and its former executives as a result of actions taken as the financial crisis worsened.<br />The Financial Conduct Authority, another British regulator, reopened its own investigation<br />in the capital raising this year after new documents emerged in the matter<br />The regulator had indicated in 2013 that it planned to fine Barclays £50 million in the case and<br />that the bank had been “reckless” in breaching disclosure rules related to the advisory agreements, the bank previously said.
