Originally posted to the Reuters website, 28 February 2020
LONDON (Reuters) – Three former Barclays (BARC.L) executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar during the credit crisis, in return for rescue funding.
In a blow to the UK’s taxpayer-funded Serious Fraud Office (SFO), which prosecuted the case, a jury cleared Roger Jenkins, Tom Kalaris, and Richard Boath of fraud.
The men, aged between 61 and 64, all denied any wrongdoing. Qatar, which is still a significant Barclays shareholder, was neither investigated nor accused of wrongdoing.
The verdict draws a line under an ambitious, seven-and-a-half year inquiry that led to the first criminal charges in Britain against senior financiers at a major bank over conduct during the credit crisis.
Link to the original post :https://www.reuters.com/article/us-britain-barclays-qatar/ex-barclays-bankers-cleared-over-qatar-fees-in-blow-to-uk-fraud-office-idUSKCN20M1IT
