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Barclays Bank is accused for conspiracy to commit fraud in Qatar case

A report from Asia says, Barclays and four former executives have been charged with fraud over their actions in the 2008 financial crisis.

BBC News said, the Serious Fraud Office (SFO) case relates to the billion of pounds the bank raised from Qatari investors enabling it to avoid a government bailout.

Former chief executive John Varley is one of the four ex-staff who will face Westminster magistrates on 3 July.

The bank says it is considering its position and awaiting further details.

Barclays said, "The charges arise in the context of Barclays' capital raisings in June and November 2008. Barclays awaits further details of the charges from the Serious Fraud Office (SFO)."

However, Mr Varley, former senior investment banker Roger Jenkins, Thomas Kalaris, a former chief executive of Barclays' wealth division, and Richard Boath, the ex-European head of financial institutions, have all been charged with conspiracy to commit fraud in the June 2008 capital raising, BBC report said.

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