Trial of four Barclays fraud-accused set for January 2019
London — Four former Barclays plc executives will stand trial in January 2019 on allegations they conspired to commit fraud over the bank’s 2008 fundraising with Qatar, a London judge said.
The trial date was set at a hearing Monday where former CEO John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath all appeared at Southwark Crown Court. The men indicated earlier in July they would plead not guilty and were bailed by a lower court.
The most senior UK banking executives to face criminal charges since the financial crisis, the case has attracted a huge amount of media attention. The Serious Fraud Office charges relate to £322m in fees Barclays paid the Qatar Investment Authority and a $3bn loan facility it made available to the nation as part of side deals to the £12bn fundraising from the Qataris and others.
Barclays, Varley and Jenkins each face two counts of conspiracy to commit fraud by false representation and one count of unlawful financial assistance between May 2008 and November 2008 in relation to the British lender’s June and October fundraising efforts.
Boath and Kalaris each face one fraud count between May and August over the June capital raising.