9/02/2012

Public sector banks: Troubles continue | The Galactic Free Press

The Guardian, 29 August 2012

Barclays faces criminal investigation into payments made to Qatar Holding after bank sought emergency funding in 2008

Barclays bank sign

Barclays is under investigation by the Serious Fraud Office over payments made to Qatar Holding in 2008. Photograph: David Sillitoe for the Guardian

The Serious Fraud Office has launched an investigation into payments made after Barclays tapped Middle Eastern investors for emergency funds in 2008.

The inquiry – which relates to the disclosure of fees paid to the sovereign investor Qatar Holding – represents the latest blow to the bank, which has just lost its chief executive Bob Diamond and chairman Marcus Agius after being fined £290m by US and UK regulators for its role in the Libor fixing scandal.

To read the rest of this story, visit Guardian.co.UK.

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