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SFO investigates Barclays’ backers

Barclays last week revealed the Serious Fraud Office has begun an investigation into “payments under certain commercial agreements” with Qatar Holding.

The Qatari global investment house took a multi-billion-pound stake in the bank in 2008, which allowed Barclays to avoid seeking a bailout from the Government.

Qatar Holdings founded by the Qatar Investment Authority, investing “internationally and locally in strategic private and public equity as well as in other direct investments”.

The news was followed by the bank’s swift appointment of Antony Jenkins as group chief executive. Jenkins replaces former group chief exec Bob Diamond, who stepped down in the wake of the Libor-fixing scandal.

 

 

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