Powered by

Senior Barclays banker joked about £322m 'bung'

Jan 31, 2019 - The Daily Telegraph (London)

A SENIOR Barclays banker joked with lawyers that a £322m fee paid to Qatari investors during the financial crisis was a "bung", a jury was told.

Edward Brown QC, acting for the Serious Fraud Office, said Richard Boath, Barclays' former head of financial institutions in Europe, suggested all the defendants knew that so-called advisory services agreements were being used to hide extra fees to Qatar.

In a call at the time of the 2008 capital raising, Mr Boath told the bank's top lawyer...