Barclays' US Atty Told To Draft Deal Used To Hide Secret Fees

Law360, London (January 29, 2019, 8:17 PM GMT) -- A Barclays attorney in New York was told to draft an extension to an alleged “sham” agreement that was used to disguise secret fees paid to Qatar to secure investments worth £3.9 billion ($5.1 billion), after the bank’s British lawyers refused to approve the deal, a London jury heard Tuesday.

Prosecutors told a London jury Tuesday that a Barclays attorney in the U.S. was told to draft an extension to a "sham" deal to hide secret fees allegedly paid to Qatar in exchange for £3.9 billion ($5.1 billion) in investments. (AP) Serious Fraud Office prosecutors allege that Jonathan Hughes, global general counsel...

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