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Dodgy Fee For Qatari PM Concerned Barclays Exec, Jury Hears

Law360, London (March 6, 2019, 12:18 AM GMT) -- A former Barclays executive on trial for fraud was concerned about advisory service agreements the bank used to pay Qatari investors additional fees in its efforts to raise billions of pounds during the financial crisis, a London jury heard Tuesday.

Serious Fraud Office prosecutors played recordings and read extracts of a 2014 interview with Richard Boath, the ex-head of Barclays PLC’s European financial institutions unit, to the Southwark Crown Court jury hearing the anti-fraud agency's landmark case over Barclays' crisis-era emergency cash call.

Boath is one of four former Barclays executives fighting charges that the bank used sham advisory agreements worth hundreds...

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