×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Britain | Barclays

UK Court Drops Charges against Barclays in Qatar Fundraising

Monday, 21 May 2018 10:38 AM EDT

LONDON (AP) — A court has dismissed charges against Barclays relating to its emergency fundraising from Qatar at the height of the financial crisis.

The Serious Fraud Office had accused Barclays over a 2008 deal to give to Qatar Holding LLC a $3 billion loan that was then used to invest in the bank, saving it from a government bailout. Prosecutors had also accused Barclays' operating unit with unlawful financial assistance "for the purpose of directly or indirectly acquiring shares in Barclays Plc."

Southwark Crown Court in London dismissed all of the charges on Monday. However, Barclays warned in a statement to the markets that the fraud office is likely to seek to reinstate the charges.

Individuals still face charges, as Monday's dismissal only refers to Barclays as a corporate entity.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A court has dismissed charges against Barclays relating to its emergency fundraising from Qatar at the height of the financial crisis.The Serious Fraud Office had accused Barclays over a 2008 deal to give to Qatar Holding LLC a $3 billion loan that was then used to invest...
EU,Britain,Barclays
130
2018-38-21
Monday, 21 May 2018 10:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved