- Title: Barclays ex-bosses arrive at London court to face criminal charges
- Date: 3rd July 2017
- Summary: LONDON, ENGLAND, UNITED KINGDOM (JULY 3, 2017) (REUTERS) **** WARNING CONTAINS FLASH PHOTOGRAPHY **** EXTERIOR OF WESTMINSTER MAGISTRATES' COURT SIGN READING (English) "WESTMINSTER MAGISTRATES COURT" FORMER BARCLAYS CHIEF EXECUTIVE, JOHN VARLEY, ENTERING COURT FORMER BARCLAYS MIDDLE EAST AND NORTHERN AFRICAN INVESTMENT BANKING HEAD, ROGER JENKINS, GETTING OUT OF CAR AND ENTERING COURT FORMER BARCLAYS WEALTH CHIEF EXECUTIVE, TOM KALARIS, ENTERING COURT FORMER BARCLAYS EUROPEAN HEAD OF FINANCIAL INSTITUTIONS, RICHARD BOATH, ENTERING COURT JOURNALISTS VARIOUS OF EXTERIOR OF COURT
- Embargoed: 17th July 2017 15:19
- Keywords: Barclays Westminster magistrates court Qatari investors fraud John Varley Roger Jenkins Tom Kalaris Richard Boath
- Location: LONDON, ENGLAND, UK
- City: LONDON, ENGLAND, UK
- Country: United Kingdom
- Topics: Crime/Law/Justice,Judicial Process/Court Cases/Court Decisions
- Reuters ID: LVA0016O5YH53
- Aspect Ratio: 16:9
- Story Text: Four former top Barclays executives appeared in court in London on Monday (July 3) to face charges that they conspired to commit fraud during the bank's 12 billion pound ($15.56 billion) emergency fundraising in 2008.
Former Chief Executive John Varley along with Roger Jenkins, Tom Kalaris and Richard Boath were charged by Britain's Serious Fraud Office last month in the first criminal prosecution for senior bankers' actions during the financial crisis of 2008.
Barclays Plc was also charged with fraud and unlawful financial assistance. The bank, which has previously said it is considering its position, declined to comment.
The case centres on agreements between Barclays and Qatari investors during two fundraisings in June and October 2008.
The men are the most senior bankers in Britain to date to be accused by prosecutors of alleged crimes during the financial crisis, which brought the global financial system to its knees and plunged much of the world into recession.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None