{"id":2085,"date":"2018-02-15T18:22:02","date_gmt":"2018-02-16T00:22:02","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=2085"},"modified":"2022-03-22T15:27:35","modified_gmt":"2022-03-22T20:27:35","slug":"barclays-faces-new-criminal-fraud-charge-3b-qatar-loan","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/","title":{"rendered":"Barclays Faces New Criminal Fraud Charge Over $3B Qatar Loan"},"content":{"rendered":"<p>\t\t\t\tIn the UK, the Serious Fraud Office is charging Barclays Bank (BARC) with engaging in illegal financial assistance when it gave Qatar Holdings LLC a $3B loan in 2008 so that the latter could acquire shares in Barclays Plc. British prosecutors had previously charged Barclays Plc. and four bank executives with conspiring to commit fraud and providing unlawful financial assistance.<\/p>\n<p>In Britain, public companies are usually not allowed to lend out funds to be used to buy their own shares. Barclays has come under fire for the way it handled investments made by Qatar\u2019s sovereign wealth fund, as well as by a group of investors. The money lent to Barclays is believed to have helped the British Bank avoid getting a tax bailout during the global financial crisis. Such assistance would have likely lead to greater oversight over Barclays and closer examination of how much the bank&#8217;s executives were making at the time.<\/p>\n<p>Barclays denies the charges against Barclays Plc. and Barclays Bank, which is its operating arm. Prosecutors, however, believe that the loan funds were put back into the bank to give it the capital it needed.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/#more-2085\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the UK, the Serious Fraud Office is charging Barclays Bank (BARC) with engaging in illegal financial assistance when it gave Qatar Holdings LLC a $3B loan in 2008 so that the latter could acquire shares in Barclays Plc. British prosecutors had previously charged Barclays Plc. and four bank executives with conspiring to commit fraud [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3756,3752,3740],"tags":[2955,2956],"class_list":["post-2085","post","type-post","status-publish","format-standard","hentry","category-barclays-capital","category-financial-firms","category-miscellaneous","tag-criminal-fraud","tag-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Barclays Faces New Criminal Fraud Charge Over $3B Qatar Loan | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"In the UK, the Serious Fraud Office is charging Barclays Bank (BARC) with engaging in illegal financial assistance when it gave Qatar Holdings LLC a $3B loan in 2008 so that the latter could acquire shares in Barclays Plc. British prosecutors had previously charged Barclays Plc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Barclays Faces New Criminal Fraud Charge Over $3B Qatar Loan | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"In the UK, the Serious Fraud Office is charging Barclays Bank (BARC) with engaging in illegal financial assistance when it gave Qatar Holdings LLC a $3B loan in 2008 so that the latter could acquire shares in Barclays Plc. 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British prosecutors had previously charged Barclays Plc.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Barclays Faces New Criminal Fraud Charge Over $3B Qatar Loan","datePublished":"2018-02-16T00:22:02+00:00","dateModified":"2022-03-22T20:27:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/"},"wordCount":449,"keywords":["criminal fraud","Fraud"],"articleSection":["Barclays Capital","Financial Firms","Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/","url":"https:\/\/www.investorlawyers.com\/blog\/barclays-faces-new-criminal-fraud-charge-3b-qatar-loan\/","name":"Barclays Faces New Criminal Fraud Charge Over $3B Qatar Loan | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-02-16T00:22:02+00:00","dateModified":"2022-03-22T20:27:35+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"In the UK, the Serious Fraud Office is charging Barclays Bank (BARC) with engaging in illegal financial assistance when it gave Qatar Holdings LLC a $3B loan in 2008 so that the latter could acquire shares in Barclays Plc. 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