UK fraud office failed to get key Qatar documents for Barclays trial
13 Mar 2019

Britain’s Serious Fraud Office (SFO) failed to take “reasonable and appropriate” steps to get key documents from Qatar’s U.S. lawyers before a fraud trial of four former Barclays executives, a London criminal court heard on Thursday.

The jury was told that Judge Robert Jay had ruled in January on the SFO’s failure to obtain the documents from Latham & Watkins, before the start of the landmark court case against former Barclays CEO John Varley and former senior colleagues: Roger Jenkins, Tom Kalaris and Richard Boath.

The men are on trial over side deals struck by the British bank when it raised more than 11 billion pounds from investors, including Qatar, to stave off a state bailout in June and October 2008 at the height of the credit crisis.

– By Kirstin Ridley, Reuters, 7 March 2019.

Link to Reuters

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