The Serious Fraud Office is investigating the bank over its Qatari fundraising agreements of 2008.
The Serious Fraud Office plans to decide by March whether to press charges in its criminal enquiry of Barclays’ 2008 Qatar fundraising. The watchdog is investigating fees paid by the bank in connection with the capital raising, and whether money was secretly invested back into Barclays without the proper disclosures. Some of Barclays’ former top management have been questioned in the probe. The lawsuit focuses on claims that there were two allegedly secret agreements, in which Barclays agreed to pay Qatari investors more than £346m. PCP Capital Partners is suing the bank over payments to Qatari investors connected to the emerge