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FCA to End Case Against Ex-Barclays Executive Over Qatar

  • Regulator told Richard Boath it has closed investigation
  • Boath was charged by the U.K. Serious Fraud Office in June
The Financial Conduct Authority.

The Financial Conduct Authority.

Photographer: Chris Ratcliffe/Bloomberg

U.K. regulators dropped a probe into a former Barclays Plc executive over a 2008 fundraising by the bank with Qatar, despite related criminal charges against him in the case, according to three people with knowledge of the situation.

The U.K. Financial Conduct Authority told Richard Boath in July, the same day he appeared in a London criminal court for the first time, that it wasn’t pursuing a case against him, the people said, who didn’t want to be identified because the decision was private. Boath was first interviewed by the regulator in relation to the probe in 2013.