Barclays Exec Worried Qatari Fees Looked Like Bribe

Law360, London (January 30, 2019, 5:11 PM GMT) -- A former senior executive at Barclays PLC told in-house counsel that he feared hidden payments made to Qatar to secure £3.9 billion ($5.1 billion) in investments during the financial crisis would be seen as a corrupt payment, a Serious Fraud Office prosecutor told a London jury Wednesday.

Richard Boath, former head of European financial institutions at Barclays, told the lender's in-house attorney Judith Shepherd in July 2008 he feared that journalists would question the validity of payments the bank made to Qatar in an allegedly sham services agreement, the SFO's attorney, Edward Brown, said.

The ex-executive told investigators at the anti-fraud squad when...

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