UK Fraud Office charges Barclays over Qatar fund-raising

Barclays and four former senior executives have been criminally charged in a high-profile United Kingdom investigation into undisclosed payments to Qatari investors during a STG12 billion ($A20 billion) emergency fund raising in 2008.

Barclays and four former executives were charged with conspiracy to commit fraud regarding the bank's 2008 capital raising from Qatar, following a five-year investigation into one of the most turbulent periods in financial history. It's the first time a bank or its executives have faced criminal charges for events that took place during the 2008 financial crisis.

Barclays turned to Qatar to bolster its finances and avoid a government bailout at the height of the financial crisis.

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The bank and all four individuals face charges of conspiracy to commit fraud by false representation in relation to the June 2008 capital raising.

Varley has also been charged with the provision of unlawful financial assistance contrary to the Companies Act 1985, as has Roger Jenkins, former Barclays Capital executive chairman of investment banking and investment management in the Middle East and North Africa, who was at one point regarded as the highest paid banker in the City.

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Barclays responded that it "awaits further details of the charges from the SFO".

Mr Kalaris - an American banker living in London - used to lead the bank's wealth and investment management division, while Mr Boath was the former European head of financial institutions group at Barclays. A London court hearing is scheduled for July 3.

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