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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Barclays faces U.K. criminal probe over Qatar payments

Posted on 30 August 2012

Robert DiamondBarclays Plc (BARC) faces a criminal probe into fees it paid in 2008 to Qatar’s sovereign wealth fund as the bank sought to raise money to avoid a government bailout.
The Serious Fraud Office, which prosecutes bribery and white-collar crime, told the London-based bank it has “commenced an investigation into payments under certain commercial agreements between Barclays and Qatar Holding LLC,” the lender said in a statement………………………………………..Full Article: Source


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