This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.theguardian.com/business/2017/jul/02/barclays-former-ceo-and-three-bankers-in-court-to-face-charges
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Barclays former CEO and three bankers in court to face fraud charges | Barclays former CEO and three bankers in court to face fraud charges |
| (7 months later) | |
| John Varley, Roger Jenkins, Tom Kalaris and Richard Boath to appear at Westminster magistrates court over 2008 fundraising | |
| Jill Treanor | |
| Sun 2 Jul 2017 14.38 BST | |
| Last modified on Mon 27 Nov 2017 20.52 GMT | |
| Share on Facebook | |
| Share on Twitter | |
| Share via Email | |
| View more sharing options | |
| Share on LinkedIn | |
| Share on Pinterest | |
| Share on Google+ | |
| Share on WhatsApp | |
| Share on Messenger | |
| Close | |
| John Varley, the former chief executive of Barclays, will be among three former bankers to appear at Westminster magistrates court on Monday to face charges of fraud for events that took place at the height of the financial crisis. | John Varley, the former chief executive of Barclays, will be among three former bankers to appear at Westminster magistrates court on Monday to face charges of fraud for events that took place at the height of the financial crisis. |
| Varley is scheduled to appear along with Roger Jenkins, Tom Kalaris and Richard Boath following the announcement by the Serious Fraud Office last month that they were to be prosecuted over the way Barclays raised billions of pounds from Qatar in 2008. | Varley is scheduled to appear along with Roger Jenkins, Tom Kalaris and Richard Boath following the announcement by the Serious Fraud Office last month that they were to be prosecuted over the way Barclays raised billions of pounds from Qatar in 2008. |
| They are the first senior bankers to face criminal charges for events dating back to the banking crisis almost a decade ago, when Barclays avoided a taxpayer bailout by raising £11.8bn in emergency funds from a number of major investors, including Qatar. The four are charged alongside Barclays itself. | They are the first senior bankers to face criminal charges for events dating back to the banking crisis almost a decade ago, when Barclays avoided a taxpayer bailout by raising £11.8bn in emergency funds from a number of major investors, including Qatar. The four are charged alongside Barclays itself. |
| The charges relate to the two fundraisings Barclays embarked on in June and October 2008 with two investment vehicles related to Qatar, including one used by the prime minister at the time, Sheikh Hamad bin Jassim bin Jaber al-Thani, and a $3bn (£2.3bn) loan advanced to Qatar in November 2008. | The charges relate to the two fundraisings Barclays embarked on in June and October 2008 with two investment vehicles related to Qatar, including one used by the prime minister at the time, Sheikh Hamad bin Jassim bin Jaber al-Thani, and a $3bn (£2.3bn) loan advanced to Qatar in November 2008. |
| The four individuals and the bank are charged with conspiracy to commit fraud by false representation in relation to a fundraising in June 2008. Varley, Jenkins and the bank are also charged with conspiracy to commit fraud by false representation in relation to the fundraising that took place in October 2008. Varley, Jenkins and the bank face a further charge of providing unlawful financial assistance through the loan. | The four individuals and the bank are charged with conspiracy to commit fraud by false representation in relation to a fundraising in June 2008. Varley, Jenkins and the bank are also charged with conspiracy to commit fraud by false representation in relation to the fundraising that took place in October 2008. Varley, Jenkins and the bank face a further charge of providing unlawful financial assistance through the loan. |
| Jenkins and Boath both said they would contest the charges; there has not been any comment from Varley and Kalaris. Barclays has said it is considering its position. | Jenkins and Boath both said they would contest the charges; there has not been any comment from Varley and Kalaris. Barclays has said it is considering its position. |
| Business | |
| Banking | |
| Financial crisis | |
| Serious Fraud Office | |
| news | |
| Share on Facebook | |
| Share on Twitter | |
| Share via Email | |
| Share on LinkedIn | |
| Share on Pinterest | |
| Share on Google+ | |
| Share on WhatsApp | |
| Share on Messenger | |
| Reuse this content |