It Takes 2 To Make Barclays-Qatar Deal A Sham, Judge Says
Law360, London (January 31, 2019, 11:05 PM GMT) -- A London judge told jurors Thursday that the theory of the prosecution's case requires that Qatari investors were just as dishonest as the former Barclays executives on trial for allegedly using sham transactions worth £322 million to buy a bailout from the Qataris during the financial crisis.
Judge Robert Jay told the jury that Serious Fraud Office prosecutors should show that Qatari investors were criminally dishonest when they entered advisory service agreements, or ASAs, with Barclays, that the U.K. white collar crime agency alleges were shams used to pay secret fees as part of the bank’s attempt to avoid a government...
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