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Qatar deal: Barclays Bank slapped with fresh charges

Feb 12, 2018, 6:36 AM EST
(Source: Howard Lake/flickr)
(Source: Howard Lake/flickr)

The Serious Fraud Office (SFO) has charged Barclays Bank PLC over a $3 billion loan given to Qatar as part of a fundraising deal in the country in 2008, a development that jeopardizes the bank’s license to operate in different states.

The “unlawful financial assistance” charges were slapped on the parent company in last July but the Barclays Bank wasn’t under the net at that time, writes The Guardian.

The emergency fundraising at question allowed Barclays to avert a government bailout in 2008, notes the BBC.

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