Ex-Barclays CEO Pushed Side Deal To Pay Qatar, Jury Told

Law360, London (January 14, 2020, 6:03 PM GMT) -- Former Barclays chief executive John Varley decided the bank could use a side deal to pay additional fees to Qatar for injecting capital into the British lender during an emergency fundraising at the height of the financial crisis, an ex-colleague testified Tuesday.

Former Barclays chief executive John Varley, shown in July 2017, was acquitted by an English appeals court last year. (Getty)

The details were laid out by Barclays’ former wealth boss Thomas Kalaris, who is on trial at the Central Criminal Court in London over his role in devising an advisory services agreement the Serious Fraud Office alleges was a...

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