Barclays Attys Were Misled On Hidden Qatari Fees, Jury Told

Law360, London (January 24, 2019, 6:50 PM GMT) -- British prosecutors argued Thursday that Barclays' in-house counsel were misled into sanctioning a plot by four former directors who used advisory agreements with Qatari investors to hide additional fees they paid to the Gulf state at the height of the financial crisis.

Serious Fraud Office prosecutors alleged that Richard Boath, Barclays' ex-head of European financial institutions, and three other former senior directors conned the bank’s attorneys into believing the deals were genuine and unconnected to a £3.9 billion ($5 billion) investment in the bank by Qatar.

The comments came as the watchdog continued with the opening week of its high-profile trial...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!