Serious Fraud Office
Further SFO charges in Barclays Qatar capital raising case
The Serious Fraud Office yesterday charged Barclays Bank Plc with unlawful financial assistance contrary to s151(1) and (3) of the Companies Act 1985.
The charges relate to financial assistance Barclays Bank Plc gave to Qatar Holding LLC between 1 October and 30 November 2008, which was in the form of a US$3 billion loan for the purpose of directly or indirectly acquiring shares in Barclays Plc.
This follows charges brought against the holding company, Barclays Plc, and four individuals in June 2017.
A date for the first court appearance will be set in due course.
Notes to editors:
- The SFO announced the opening of its investigation in August 2012.
- The SFO charged Barclays Plc and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance in June 2017 – see press release. Reporting restrictions apply.
- The strict liability rule in the Contempt of Court Act 1981 applies.
Latest News from
Serious Fraud Office
Former Welsh international footballer and five others convicted in £5m apprenticeship scheme fraud06/02/2018 10:25:00
Yesterday Keith Williams, Paul Sugrue and former Welsh International Mark Aizlewood were found guilty of a £5m apprenticeship fraud scheme that targeted colleges, charities, football clubs and sports associations.
Tell-Tale Signs: Your Role in Preventing Money Laundering by Flagging it Up04/01/2018 15:10:00
Serious and organised crime costs the UK an estimated £24bn a year and money laundering not only allows criminals to hide the proceeds of their crimes, but helps fund further criminal activity.
‘Phoenix’ companies fraudster sentenced to additional three years14/12/2017 15:05:00
Christopher Woodhead, the creator of ‘phoenix’ companies used to steal more than £433,000 from customers, had his default prison sentence of three years activated by the court today for failure to pay a £428,089.16 confiscation order.
Two further individuals charged in SFO’s Unaoil investigation01/12/2017 16:05:00
Yesterday the Serious Fraud Office has charged two further individuals in relation to the Unaoil investigation.