{"id":6163,"date":"2017-06-21T20:04:56","date_gmt":"2017-06-22T01:04:56","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1625"},"modified":"2017-06-21T20:04:56","modified_gmt":"2017-06-22T01:04:56","slug":"uk-files-criminal-charges-barclays-fraud-involving-qatari-investors","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/uk-files-criminal-charges-barclays-fraud-involving-qatari-investors\/","title":{"rendered":"UK Files Criminal Charges Against Barclays With Fraud Involving Qatari Investors"},"content":{"rendered":"<p>\t\t\t\tThe United Kingdom\u2019s Serious Fraud Office has charged Barclays (BARC) and four of its ex-executives with <a href=\"https:\/\/www.securities-fraud-attorneys.com\">criminal fraud <\/a>involving money used to rescue the bank during the height of the 2008 financial crisis. The government has been investigating the ways in which Barclays sought out Qatari investors to help it stay afloat during that time so that the bank wouldn\u2019t need a bailout.  Barclays is also under investigation in the US by the Securities and Exchange Commission and the Department of Justice over payments that Barclays made to Middle Eastern officials.  <\/p>\n<p>During two emergency cash calls in 2008, investors put in $15B total, with Barclays stating in filings that it paid \u00a3322 million in \u201cadvisory services\u201d to them. Shareholders were at first not apprised of this agreement between the bank and Qatari investors. Also, in 2008, Barclays issued a $3B loan facility to Qatar.<\/p>\n<p>In the UK, it is against the law for a company to give money to a party in exchange for the latter\u2019s purchase of company shares. Barclays has denied that the $3B loan was for the purchase of shares by investors. It also has argued that payments it received for advisory services were for actual business purposes. However, the Serious Fraud Office is alleging that the $3B loan to Qatar just weeks after getting funding from investors could be considered a fraudulent capital increase in a scam by Barclays to lend itself funds. <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/uk-files-criminal-charges-barclays-fraud-involving-qatari-investors\/#more-6163\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Kingdom\u2019s Serious Fraud Office has charged Barclays (BARC) and four of its ex-executives with criminal fraud involving money used to rescue the bank during the height of the 2008 financial crisis. The government has been investigating the ways in which Barclays sought out Qatari investors to help it stay afloat during that time [&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":[3756,3752,3741],"tags":[],"class_list":["post-6163","post","type-post","status-publish","format-standard","hentry","category-barclays-capital","category-financial-firms","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK Files Criminal Charges Against Barclays With Fraud Involving Qatari Investors &#8212; Investor Lawyers Blog &#8212; June 21, 2017<\/title>\n<meta name=\"description\" content=\"The United Kingdom\u2019s Serious Fraud Office has charged Barclays (BARC) and four of its ex-executives with criminal fraud involving money used to rescue the &#8212; June 21, 2017\" \/>\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\/uk-files-criminal-charges-barclays-fraud-involving-qatari-investors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"UK Files Criminal Charges Against Barclays With Fraud Involving Qatari Investors &#8212; Investor Lawyers Blog &#8212; June 21, 2017\" \/>\n<meta name=\"twitter:description\" content=\"The United Kingdom\u2019s Serious Fraud Office has charged Barclays (BARC) and four of its ex-executives with criminal fraud involving money used to rescue the &#8212; June 21, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UK Files Criminal Charges Against Barclays With Fraud Involving Qatari Investors &#8212; 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