The Serious Fraud Office (SFO) has charged Barclays Bank over a 3 billion US dollar (£2.2 billion) loan given to the State of Qatar as part of a side deal linked to its emergency fundraising in 2008. The Serious Fraud Office (SFO) has charged Barclays Bank over a 3 billion US dollar (£2.2 billion) loan given to the State of Qatar as part of a side deal linked to its emergency fundraising in 2008. At the time, the SFO had not yet decided whether to charge the Barclays Bank unit over the loan as well. Further SFO charges in Barclays Qatar capital raising case https://t.co/5RoJ5pUtYz — Serious Fraud Office (@UKSFO) February 12, 2018 Both Barclays and its bank unit have said they will defend themselves against the charges. That included a 3 billion US dollar (£2.2 billion) loan made to the State of Qatar acting through the Ministry of Economy and Finance in November 2008.

Source: Irish Independent February 12, 2018 07:41 UTC