Barclays and former bosses face criminal charges over 2008 Qatar deals
The bank said it was 'considering its position
London - Egypt Today
Barclays and four former senior executives are facing criminal charges relating to investment sought from Qatar at the height of the banking crisis.
The case dates back to 2008 when the bank's rivals - Lloyds and Royal Bank of Scotland - took state bailouts as the financial sector came under huge strain.
Emergency funds raised by Barclays at the time allowed it to avoid a government bailout.
The Serious Fraud Office (SFO) has capped a five-year investigation by announcing Barclays has been charged with two counts of conspiracy to commit fraud and the provision of unlawful financial assistance.
The charges centre on the bank's move to raise cash from Qatari investors Qatar Holding and Challenger Universal in June and October 2008, and a $3bn (£2.4bn) loan made available to the State of Qatar in November of that year.
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 14:21 2017 Friday ,17 February
Tillerson, Wang in highest-level US-China meet under TrumpGMT 05:52 2011 Saturday ,31 December
The deepest place on earthGMT 05:39 2012 Friday ,13 January
Dr. Al Ka\'abi Receives MP Hassan Salim Al Dussary
GMT 14:32 2018 Thursday ,22 November
Lavrov slams US politicians’ narrative against extending New START Treaty as dangerous
GMT 09:50 2018 Monday ,19 November
Palestinians suffocate in clashes with Israeli soldiers in Nablus
GMT 16:48 2018 Friday ,16 November
Iraqi president meets Lower House Speaker
GMT 11:38 2017 Friday ,17 November
Moody's raises India rating, citing reforms
GMT 07:40 2017 Friday ,23 June
Zamalek’s chairperson says
GMT 08:10 2017 Sunday ,30 July
Injury Not Obstacle For Syahir
GMT 08:59 2017 Tuesday ,02 May
Composer seeks answers
GMT 00:38 2015 Wednesday ,22 April
Solar plane lands in east China
GMT 17:35 2018 Wednesday ,05 December
Putin vows ‘support’ as Venezuela’s Maduro seeks financial aid
GMT 08:10 2018 Wednesday ,21 November
Australia becomes latest country to reject UN global migration pact
GMT 14:04 2018 Monday ,22 October
Khashoggi case has no effect on planning of Russia-Saudi Arabia contacts "Bogdanov"
GMT 00:41 2013 Monday ,19 August
British police probe new Diana \'murder claim\'
GMT 11:49 2018 Wednesday ,10 October
Attack kills 15 Al Houthis in their strongholdGMT 01:07 2012 Sunday ,23 December
World\'s longest high-speed rail line takes smooth test runGMT 10:45 2012 Sunday ,04 November
Crocodile found in Gaza sewage pool
GMT 21:55 2013 Friday ,20 September
Patrick Swayze\'s mother Patsy dead at 86GMT 14:25 2011 Thursday ,21 July
Fifth \'sabotage\' patient dies in British hospital
GMT 20:26 2015 Sunday ,07 June
A look at the importance of UAE's national tree
GMT 09:32 2018 Wednesday ,12 September
Minister of Interior patronizes ceremony of announcing strategic plan of General Directorate of PrisonsGMT 12:20 2012 Saturday ,07 July
Belgian resorts riled over gloomy summer forecastsGMT 09:05 2012 Sunday ,15 April
Triple dipped fried chicken
GMT 21:30 2015 Tuesday ,26 May
Egypt respects all conventions
GMT 15:37 2016 Wednesday ,23 November
PIA considers Boeing, Airbus jets for fleet upgrade
GMT 14:51 2015 Tuesday ,13 October
UAE a model of an inclusive society
GMT 09:02 2017 Thursday ,27 July
Israeli forces arrest 21 Palestinians in West Bank
GMT 17:08 2017 Saturday ,29 July
Jordanian king: Al Quds tops our prioritiesGMT 07:01 2012 Tuesday ,10 January
AsiaSat 5 to carry 11 channels from Raj TV
GMT 03:53 2014 Sunday ,04 May
Cup of coffee a day to keep retinal damage away
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor