SFO in Barclays Qatar payment probe

Aug 29 2012

Barclays has revealed that the Serious Fraud Office has launched an investigation into payments made between the bank and Qatar at the height of the financial crisis.

The bank said last month that the matter was being investigated by the Financial Services Authority but revealed that the SFO has launched its own probe.

The organisation is understood to be looking at whether disclosure of payments to advisers was sufficient when it raised more than £5 billion of emergency capital from Middle Eastern investors in 2008.

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