Barclays Paid Qatar Twice for Fake Services, Prosecutor Says - Bloomberg:
Three former Barclays Plc executives agreed to pay Qatar millions for supposed services twice, with the value suddenly jumping drastically, a prosecutor said during their fraud trial in London.
On Wednesday, in the second week of a landmark trial against a trio once near the top of the bank, prosecutor Ed Brown focused on the fact that the bank’s agreement to pay Qatar for advisory services in October 2008 came only 16 weeks after a similar arrangement and largely covered the same period.
Barclays also agreed to pay Qatar 280 million pounds ($356 million) for the services, which the bank had valued at $39 million only days earlier, Brown, who is prosecuting the case for the Serious Fraud Office, told the jury.
No comments:
Post a Comment