Report: UK fraud office to probe Barclays, Qatar Holding dealings - Alarabiya.net English | Front Page:
"Britain’s Serious Fraud Office (SFO) is expected to receive about 2 million pounds ($3.07 million) from the UK Treasury to support its criminal probe into the dealings between Barclays Plc. and Qatar Holding, the Financial Times reported on Sunday.
Barclays is being investigated by the SFO and Financial Conduct Authority (FCA) for an allegation that the bank lent Qatar Holding, a part of the Qatar Investment Authority, money to invest in it as part of a rescue fundraising at the height of the 2008 financial crisis.
UK rules forbid a public company from giving financial assistance in order to acquire its shares or those of a parent company."
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