Page 66 - Bank Case Studies
P. 66
£2.3bn
lent to Qatari Holdings to
buy Barclays shares
John Varley, one of
four Barclays ex-
directors charged with
fraud
relates to a £2.3bn loan
advanced to Qatar after the Qatar Holdings
fundraisings were negotiated,
the implication being that
there was a money-go-round
inducement at work.
£12 bn
lent to Barclays in 2008
£332m
Paid to Qatari Holdings
for “advisory services”
The charge against Barclays Bank potentially carries more than just a
fine for the bank as the bank holds a banking licence that allows it to
operate in different countries. If Barclays were found guilty, it could
lose this crucial licence.
