Isn’t interesting how 9 years later the global financial crisis is still finding CEO criminal activity or is the Dept acronym SFO (Serious Fraud Office) just too comical – PB/TK
Barclays, Ex-CEO John Varley Charged With Fraud Over 2008 Crisis Qatar Deal – By Alistair Jamieson / June 20 2017
LONDON — Barclays bank and four of its former directors — including ex-CEO John Varley — have been charged with conspiracy to commit fraud over a rescue deal with Qatar during the 2008 global financial crisis, regulators announced Tuesday.
It is the first time criminal charges have been filed in Britain over activities tied to the credit crunch and subsequent emergency fundraising.
The U.K.’s Serious Fraud Office (SFO) said it had brought the charges against the London-based bank itself as well as Varley, 61; Roger Jenkins, also 61, who is the former executive chairman of Investment Banking and Investment Management in the Middle East and North Africa for Barclays Capital; and two former senior executives, Thomas Kalaris, 61, and Richard Boath, 58.
The SFO has also charged Barclays, Varley and Jenkins with the provision of unlawful financial assistance.
Continue to nbcnews.com article: http://www.nbcnews.com/business/business-news/barclays-ex-ceo-john-varley-charged-fraud-over-2008-crisis-n774461
