Ex-Barclays Bosses Feared Being ‘Rumbled’ For Secret Fees
Law360, London (January 25, 2019, 7:29 PM GMT) -- Senior Barclays PLC bankers on trial for fraud over the bank's 2008 crisis-era fundraising feared being "rumbled," or found out, for allegedly paying secret fees to Qatar through sham advisory agreements so the bank could avoid a taxpayer-funded bailout, a London jury heard Friday.
Former Barclays executives accused of fraud had shown they were concerned about being held responsible for making secret payments to secure investment from Qatar, prosecutors said at trial Friday. (AP)
Serious Fraud Office prosecutors said the former executives were concerned about being held responsible for the consequences of using advisory agreements with Qatari investors to hide additional...
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