Barclays, Ex-CEO Charged Over Qatar Rescue Amid 2008 Crisis
- Varley, Jenkins among former executives charged by U.K. SFO
- Charges include conspiracy to commit fraud over 2008 deal
Barclays, Four Executives Face Qatar Fundraising Charges
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Barclays Plc and four former executives were charged with conspiracy to commit fraud during the bank’s 2008 capital raising from Qatar as it sought to avoid a bailout amid one of the most turbulent periods in financial history.
The Serious Fraud Office said Tuesday former Chief Executive Officer John Varley, former chairman of investment banking for the Middle East Roger Jenkins, ex-wealth chief Thomas Kalaris, and Richard Boath, the former European head of the bank’s financial institutions group, face charges along with Barclays.