Qatari Side Deal Generated Biz For Barclays, Banker Says

Law360, London (February 7, 2020, 9:10 PM GMT) -- The £322 million ($415 million) Barclays paid Qatar covered legitimate side deals that generated valuable business, far from the sham to guarantee funding during the financial crisis that prosecutors have claimed, counsel for a former Barclays executive charged with fraud said in court on Friday.

Barclays argued that the additional fees it paid to Qatar during the financial crisis were legitimate. (AP) Counsel for Roger Jenkins, one of three former Barclays bankers on trial, told London's Central Criminal Court the advisory service agreements, or ASAs, that the Serious Fraud Office claims were devised to disguise the higher commission Qatar demanded over...

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