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

Barclays in Qatar loan probe

Posted on 01 February 2013

UK authorities are probing an allegation that Barclays loaned Qatar money to invest in the bank as part of its cash call at the height of the financial crisis in 2008, which enabled the bank to avoid a UK government bailout.
Barclays turned to Qatar Holding, a subsidiary of the Qatar Investment Authority, and Challenger – an investment vehicle of Sheikh Hamad bin Jassim bin Jabr al-Thani, the prime minister of Qatar and his family – twice in 2008 for a total of £6.1bn. The sheikh – often referred to as HBJ – is also the chairman of Qatar Holding………………………………………..Full Article: Source


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