May 21, 2018
Barclays Says SFO-Qatar Charges Against Bank Dismissed by Court
Bloomberg News
,(Bloomberg) -- Barclays Plc said that a London court dismissed all the charges brought against the bank and its parent company in a case related to a capital raising in 2008.
The court dismissed two charges of “conspiring with certain former senior officers and employees of Barclays to commit fraud,” the bank said in a statement Monday. The court also tossed out a charge of unlawful assistance in relation to a $3 billion loan provided to Qatar in 2008.
Prosecutors at the Serious Fraud Office are likely to re-instate the charges by applying to a High Court Judge to restart the proceedings through a new indictment, the bank said.
To contact the reporter on this story: Anthony Aarons in London at aaarons@bloomberg.net
To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net
©2018 Bloomberg L.P.