Prosecutors tell Barclays to hand over scandal papers
Monday 03 June 2013
New York prosecutors have reportedly ordered Barclays to hand over records relating to the growing Liberty Reserve scandal.
The accounts in the name of Arthur Budovsky, who is allegedly at the centre of the multi-billion-pound scandal, are held in one of Barclays' Spanish subsidiaries. The account is believed to have been opened in 2009, but it is not yet clear what it was used for. It is thought to be one of 45 held by Mr Budovsky and other individuals involved in Liberty Reserve, the Costa Rica-based payments processor.
US authorities have seized $25m £16m) from these accounts to date, and have said that there is "more to come". Any linkage between Barclays, even completely unwitting, will be an acute embarrassment to new chief executive Antony Jenkins, who is trying to clean up the banks image following last year's Libor fixing scandal.
Mr Budovsky was arrested 10 days ago in Madrid over the actions of Liberty Reserve, the global "black market bank", and its potential links to money laundering.
- 1 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 4 Free U2 album: How the most generous giveaway in music history turned PR disaster
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Tesco in crisis: UK managing director among four executives suspended after exposure of accounting scandal
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Alicia Keys leaks own nude photo 'to create a kinder and more peaceful world'
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...