Monday 9 June 2014

Barclays faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal | This is Money

Barclays faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal | This is Money:



"Barclays faces a £300million lawsuit from Amanda Staveley the hotshot deal maker who helped broker the bank’s emergency fundraising with Abu Dhabi investors during the financial crisis.



The legal action is linked to a Serious Fraud Office investigation into £322million of fees paid by Barclays to Qatari investors who pumped £4.6billion into the bank  in 2008 in two fundraisings.



Both Abu Dhabi, which Staveley worked for, and Qatar took part in the second fundraising, for which Staveley is reported to have  been paid an estimated £30million-£40million."



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