Banker Denies Brainstorming Dishonest Ways To Pay Qatar

Law360, London (January 16, 2020, 6:02 PM GMT) -- A former Barclays executive accused of fraud denied discussing dishonest ways to pay extra fees to Qatar to secure emergency funding from the Gulf state during the financial crisis, testifying Thursday he was “brainstorming” ideas he believed provided “commercial value” to the bank.

Barclays' former wealth boss Thomas Kalaris underwent cross-examination by Serious Fraud Office prosecutors Thursday at his trial over his alleged role in negotiating a side deal with Qatar used to meet that nation's financial demands for investing in the bank in June 2008.

At the time, Kalaris was “quarterbacking” the bank’s negotiations with institutional investors, resulting in more than £11...

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