Thursday 4 February 2016

Barclays agrees to hand over internal documents to Serious Fraud Office | Business | The Guardian

Barclays agrees to hand over internal documents to Serious Fraud Office | Business | The Guardian:

"Barclays has agreed to hand over internal documents to the Serious Fraud Office in a change of approach towards the SFO’s investigation into its rescue fundraising during the financial crisis.

The bank will give the SFO communications linked to the inquiry into whether Barclays and its leaders made false and misleading statements about a £7bn deal with Middle Eastern investors.

Barclays had argued that the documents contained legal advice protected by client-lawyer privilege. However, it changed its stance before a court hearing due in March at which the SFO intended to argue that legal privilege did not allow documents to be withheld from a fraud inquiry."



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