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UK seeks to reinstate Barclays fraud charges over Qatar loan

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AFP London
Last Updated : Jul 24 2018 | 9:50 PM IST

Britain's Serious Fraud Office is seeking to reinstate fraud charges against Barclays over its emergency fundraising from Qatar in the financial crisis, the bank said today.

The SFO has lodged an application in London's High Court to seek the reinstatement of all charges against Barclays Bank and its parent company Barclays plc linked to the Qatar fundraising.

Barclays added in a brief statement that it planned to defend itself against the move.

Tuesday's news comes more than two months after London's Southwark Crown Court had dismissed criminal charges against Barclays over the Qatar fundraising.

In late afternoon deals, Barclays shares rose 1.47 percent to 189.32 pence on London's FTSE 100 index, which was 0.87 percent higher at 7,722.26 points.

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First Published: Jul 24 2018 | 9:50 PM IST

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