London — The UK’s Serious Fraud Office is seeking to reinstate fraud charges against Barclays over its emergency fundraising from Qatar in the financial crisis, the bank said on Tuesday. The office has lodged an application in London’s high court to seek the reinstatement of all charges against Barclays Bank and its parent company, Barclays plc, linked to the Qatar fundraising. Barclays added in a brief statement that it planned to defend itself against the move. Tuesday’s news comes more than two months after London’s Southwark Crown Court had dismissed criminal charges against Barclays over the Qatar fundraising. In late afternoon deals, Barclays shares rose 1.47% to 189.32 pence on London’s FTSE 100 index, which was 0.87% higher at 7,722.26 points. AFP
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.