Ex-Barclays Exec Tells Jury Attys Knew Qatar Deal Concept

Law360, London (January 8, 2020, 6:27 PM GMT) -- Lawyers at Barclays knew an advisory agreement it struck with Qatar during the financial crisis was intended to make the British lender the Gulf state’s preferred banking provider, a former executive accused of forging a sham deal told a London jury on Wednesday.

Former Barclays Middle East investment banking chief Roger Jenkins, who is on trial with two former Barclays colleagues for fraud at London’s Central Criminal Court, said he explained to Barclays’ in-house lawyers the bank would become a preferred provider for Qatar under an advisory services agreement that prosecutors alleged was a sham.

“I am quite certain I explained...

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