Monday 7 January 2019

Former Barclays bosses face London trial over Qatari cash call | Reuters

Former Barclays bosses face London trial over Qatari cash call | Reuters:

The most senior bankers to face criminal charges in Britain over conduct during the financial crisis are preparing to appear before a London jury in a trial that will test the mettle of the Serious Fraud Office.

Former Barclays (BARC.L) CEO John Varley and three one-time colleagues stand charged over deals with Qatari investors to secure cash injections that allowed the bank, that can trace its origins back to around 1690, to survive the crisis a decade ago.

The trial, that started on Monday and is slated to last for up to four months, is starting with lengthy legal, procedural arguments. Prosecutors are expected to open their case around Jan. 21.

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