Ex-Barclays chiefs face Serious Fraud Office probe over Qatari fundraising
Two former Barclays chief executives are among 12 ex-employees being interviewed under caution by the Serious Fraud Office (SFO) in connection with the lender’s Qatari fundraising in 2008.
John Varley and Bob Diamond, the past two chief executives, will be interviewed alongside former finance director Chris Lucas and Roger Jenkins, who headed the bank’s now-closed tax advisory business and was its Middle East specialist, as well as eight others.
Barclays’ fundraising meant it was able to escape a government bailout during the financial crisis. It proved controversial with other investors because of the generous terms offered to investors from Qatar and Abu Dhabi.
Some of the interviews — which mark an escalation in the probe — have already taken place, but not those involving either Diamond or Varley, according to the Financial Times.
Neither Barclays, which last week announced plans to slash costs and slim down its investment bank, or the SFO would comment.
Diamond, who was running Barclays’ investment bank in 2008, was in New York at the time of the fundraising working on acquiring Lehman Brothers.
He denies any wrongdoing. His spokesman said: “Mr Diamond will continue to assist wherever he can on anything related to Barclays, but he is unable to comment on any specific inquiry. He is very proud of his tenure at the bank.”
- 1 I was a Woman Against Feminism too
- 2 Fifty Shades of Grey movie trailer released: First look at Jamie Dornan as Christian Grey
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Israel has discovered that it's no longer so easy to get away with murder in the age of social media
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned
Peaches Geldof: Her final day – and her fatal decision
Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
John Barrowman praised for Commonwealth Games opening ceremony gay kiss
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£18000 - £20000 per annum + OTE £25K: SThree: SThree Group has been well estab...
competitive: Progressive Recruitment: This really is a fantastic chance to joi...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...