Monday, February 12,
2018 08.47AM / SFO
The Serious Fraud Office has today
charged Barclays Bank Plc with unlawful financial assistance contrary to
s151(1) and (3) of the Companies Act 1985.
The charges relate to financial
assistance Barclays Bank Plc gave to Qatar Holding LLC between 1 October and 30
November 2008, which was in the form of a US$3 billion loan for the purpose of
directly or indirectly acquiring shares in Barclays Plc.
This follows charges brought against
the holding company, Barclays Plc, and four individuals in June 2017.
A date for the first court appearance
will be set in due course.
1. The SFO announced the opening
of its investigation in August 2012.
2. The SFO charged Barclays Plc
and four individuals with conspiracy to commit fraud and the provision of
unlawful financial assistance in June 2017 – see
press release. Reporting restrictions apply.