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...
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