Barclays said to be in talks with SFO on Qatar-probe deal
Decision whether Serious Fraud Office charges unit expected by end January
Barclays Plc is in talks with the UK Serious Fraud Office over a possible deal to avoid new charges against one of its main operating units linked to a 12 billion-pound (€13.6 billion) fundraising at the height of the financial crisis, according to a person with knowledge of the situation.
The decision on whether the SFO will charge the unit, Barclays Bank Plc, in relation to the capital raising with Qatar is expected to be made by the end of January, two people with knowledge of the discussions said. The bank's holding company and four former executives were charged with fraud and unlawful financial assistance in June with a trial scheduled for 2019.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
