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Sunday, 16 October 2016

Qatar funding banker takes Barclays to employment tribunal

Qatar funding banker takes Barclays to employment tribunal:

"One of Barclays’ most senior former executives is pushing ahead with an employment claim against the bank, alleging unfair dismissal amid a criminal probe by fraud prosecutors into Barclays’ £7.3bn fundraising at the height of the financial crisis.

A date in November has now been set in the case brought by Richard Boath, who until earlier this year was Barclays’ chairman of financial services. He is alleging unfair dismissal and has a pay dispute, as well as making a claim under whistleblower protection laws, which means any award is potentially uncapped. Tribunal records do not indicate the size of the pay dispute.

Mr Boath is one of several former senior executives — along with former chief executives Bob Diamond and John Varley — to be questioned by the Serious Fraud Office as part of its investigation into the bank’s dealings with Qatar during an emergency cash call in 2008, which enabled it to stay out of UK government control. The SFO has indicated that it will make a charging decision early next year."



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