Barclays Says SFO Seeks to Reinstate Charges Over 2008 Capital Raising
- SFO case deals with 12 billion-pound fundraising in 2008
- Four senior former executives also charged in Qatar case
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Barclays Plc said the U.K. Serious Fraud Office is attempting to reinstate fraud charges against the bank stemming from its 12 billion-pound ($16-billion) fundraising with Qatar during the 2008 financial crisis.
The British prosecutor on Monday asked the High Court to reinstate all of the charges against both the holding and operating company that were dismissed by a lower court in May, the lender said Tuesday in a statement. The SFO confirmed the application. Barclays said it had expected the appeal.