Barclays 2008 Qatar fundraising trial set for Jan 2019
LONDON (Reuters) – The trial of Barclays (BARC.L) and four former top executives charged with fraud over undisclosed payments to Qatari investors as part of a 12 billion pound ($15 billion) emergency fundraising during the 2008 financial crisis has been set for January 9 2019, a judge said on Monday.
The Serious Fraud Office (SFO) last month charged Barclays Plc, John Varley, Roger Jenkins, Tom Kalaris and Richard Boath with conspiracy to commit fraud by false representation when they negotiated a capital injection for the bank from Qatar.
The bank, Varley and Jenkins also face one charge of unlawful financial assistance.
In a court hearing in London on Monday that lasted under one hour, Judge Andrew Edis set the date of the trial.
Barclays raised around 12 billion pounds in two emergency fundraisings in June and October 2008, mainly from wealthy Gulf investors, that allowed it to avoid being nationalized at the height of the credit crisis.