Barclays, Former Bosses, Charged Over 2008 Qatar Fundraising

The fundraising in 2008 included a $3 billion loan facility made to the wealthy Gulf state in November 2008, the SFO said.
Varley and Jenkins have also been charged with conspiracy to commit fraud by false representation in relation to the October 2008 capital raising.
It also charged Barclays’ former senior executives John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath.
Barclays and four former senior executives have been criminally charged in a high-profile UK investigation into undisclosed payments to Qatari investors during a 12 billion pound ($15.4billion) emergency fund raising in 2008.
In a highly anticipated announcement, the Serious Fraud Office (SFO) said on Tuesday it was charging the bank with conspiracy to commit fraud by false representation and unlawful financial assistance.

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