Ex-Barclays CEO Acquitted, Others Face Retrial In SFO Case

Law360, London (June 21, 2019, 12:28 PM BST) -- An English appeals court on Friday upheld the acquittal of former Barclays chief executive John Varley on fraud charges over the bank’s emergency cash-raising during the financial crisis, although three other former executives must face a retrial trial in the landmark prosecution.

The acquittal of former Barclays chief executive John Varley, pictured center at an earlier hearing, on fraud charges has been upheld after the Serious Fraud Office’s prosecution collapsed. (AP) Judge Robert Jay dismissed in April the Serious Fraud Office’s prosecution of Varley for allegedly using sham advisory deals to hide extra fees paid to Qatar in 2008 to help...

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