Ex-Barclays banker taken aback by fees Qatar demanded, court hears - Reuters:
Roger Jenkins, a former senior Barclays banker tasked with securing a financial lifeline from Qatar at the height of the credit crisis, told a London fraud trial on Tuesday he had been taken aback at the fees demanded by the Gulf state.
Jenkins, 64, told a jury at the Old Bailey criminal court that he had expected Hussain Al-Abdullah, the negotiator for Qatar’s former prime minister Sheikh Hamad bin Jassim bin Jabr al-Thani, to play hardball when he and colleagues met him in his suite at London’s luxury Claridges Hotel on June 3, 2008.
But he said he was surprised when Al-Abdulla, known as Dr Hussain, demanded a fee of 3.75 percent for participating in the first part of what would become an 11 billion pound ($14 billion), two part capital raising over 2008.
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