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Barclays PLC and Qatar Holding LLC

The SFO has been conducting a criminal investigation into Barclays and its capital raising arrangements with Qatar Holding LLC and Challenger Universal Ltd in June and October 2008. The investigation also centred on a US$3 billion loan facility made available from Barclays to the State of Qatar acting through the Ministry of Economy and Finance in November 2008.

Barclays PLC and four individuals were charged on 20 June 2017 with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act 1985.

The defendants are due to appear before Westminster Magistrates Court at 14:00 on 3 July.

Please be aware that the strict liability rule in the Contempt of Court Act 1981 applies.

Defendants

  • Barclays PLC
  • John Varley – former Chief Executive Officer of Barclays Plc.
  • Roger Jenkins – former Executive Chairman of Investment Banking and Investment Management in the Middle East and North Africa, Barclays Capital.
  • Thomas Kalaris – former Chief Executive of Barclays Wealth and Investment Management (a division of Barclays Plc).
  • Richard Boath – former European Head of Financial Institutions Group, Barclays Capital.

Charges

Barclays Plc, John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath

Conspiracy to commit fraud by false representation in relation to the June 2008 capital raising, contrary to s1 and s2 of the Fraud Act 2006 and s1(1) of the Criminal Law Act 1977.

Barclays Plc, John Varley and Roger Jenkins

Conspiracy to commit fraud by false representation in relation to the October 2008 capital raising, contrary to s1 and s2 of the Fraud Act 2006 and s1(1) of the Criminal Law Act 1977.

Barclays Plc, John Varley and Roger Jenkins

Unlawful financial assistance contrary to s151 of the Companies Act

Page published on 11 Sep 2014 | Page modified on 21 Jun 2017