The Serious Fraud Office has today charged Barclays Bank with unlawful financial assistance contrary to s151(1) and (3) of the Companies Act 1985.
The charges relate to financial assistance Barclays Bank Plc gave to Qatar Holding LLC between 1 October and 30 November 2008, which was in the form of a $3 bn loan for the purpose of directly or indirectly acquiring shares in Barclays Plc.
This follows charges brought against the holding company, Barclays Plc, and four individuals in June 2017.
The first appearance for Barclays Bank Plc will be held at Westminster Magistrates’ Court on 14 February at 10am.
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