Former Barclays bosses face London trial over Qatari cash call
07 Jan 2019

The most senior bankers to face criminal charges in Britain over conduct during the financial crisis will appear before a London jury next week 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, scheduled to start on Monday and slated to last for up to four months, is expected to begin with lengthy legal, procedural arguments before prosecutors open their case.

– By Kirstin Ridley, Reuters, 4 January 2018.

Link to Reuters.

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