Google+ Followers

Wednesday, 23 November 2016

Barclays executive sacked after SFO interview

Barclays executive sacked after SFO interview:
"Barclays dismissed one of its top executives as a “direct result” of what he told investigators who have a criminal probe open against the bank, a tribunal has heard.

Richard Boath, who until this year was Barclays’ chairman of financial services, will argue in an unfair-dismissal hearing against the ban‎k that he was sacked after investigators at the UK’s Serious Fraud Office passed Barclays a transcript of his interview with them, his lawyer told a London tribunal in a hearing on Wednesday, reports Caroline Binham in London.

The SFO is investigating Barclays’ £7.3bn emergency cash call at the height of the financial crisis, when it turned to investors in Qatar and Abu Dhabi to stay out of UK government control."

'via Blog this'