Ex-Barclays Finance Chief Key To Qatar Scheme, SFO Says

Law360, London (February 4, 2020, 7:30 PM GMT) -- Barclays' former finance director was at the center of a scheme to pay Qatar extra fees for investing in the bank during the financial crisis by “any means necessary,” prosecutors told a London jury Tuesday at the fraud trial of three former Barclays executives.

Serious Fraud Office prosecutors allege that three former Barclays bankers conspired with Chris Lucas to secretly pay Qatari investors an extra £322 million ($420 million) commission for investing in the bank during two emergency capital-raising rounds as it battled to avoid being nationalized in 2008.

Lucas is alleged to have taken direct responsibility for false representations in...

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