- Citibank to pay more than $38m for improper handling of ADRs
- Barclaycard joins Coupa as inaugural pay partner
- US agencies issue proposal to streamline regulatory reporting for qualifying small institutions
- Barclays launches free mobile invoicing for SME clients
- Mortgage market softens following period of strong growth, according to UK Finance
- Alison Rose appointed Deputy CEO of NatWest Holdings
- Financial fraud is an industry-wide problem, says Diebold Nixdorf expired
- Lords EU Committee take evidence from the British Business Bank and Germany’s KfW expired
- Banks must unify information streams to combat fraud, says ThreatConnect expired
- UniCredit non-executive director Andrea Sironi resigns expired
- Deutsche Bank completes demerger of its Polish private and commercial banking business expired
- UK Finance supports government on mortgage solutions expired
13th February 2018
Barclays faces second charge in Qatar capital raising case
The Serious Fraud Office has charged Barclays Bank plc with unlawful financial assistance contrary to s151(1) and (3) of the Companies Act 1985.
The charges relate to financial assistance Barclays Bank Plc gave to Qatar Holding LLC between 1st October and 30th November, 2008, which was in the form of a US$3bn 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.
The SFO announced the opening of its investigation in August 2012, when it charged Barclays plc and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance in June 2017.The strict liability rule in the Contempt of Court Act 1981 applies.