Banking & Finance
Ex-Barclays Banker Boath Won’t Testify in Qatar Fraud Trial

(Bloomberg) –Former Barclays Plc executive Richard Boath won’t testify in his U.K. trial, where he’s accused with two colleagues of hiding payments to Qatar linked to a bailout during the 2008 financial crisis.
Boath, 61, who ran the European head of the financial institutions group, along with former Middle East head Roger Jenkins and ex-wealth and investment head Tom Kalaris, is facing fraud allegations relating to information they gave the market when Barclays secured 11.2 billion pounds ($14.6 billion) in emergency cash calls at the height of the market crash, allowing it to avoid a U.K. state bailout.
The U.K. Serious Fraud Office say the bankers used so-called Advisory Services Agreements to hide 322 million pounds in investment commissions to Qatar. Jenkins and Kalaris both testified in London’s central criminal court this month. All three men deny the charges.
Boath’s lawyer, William Boyce, told the court Tuesday that Boath won’t be testifying. Judge Andrew Popplewell told the jury that the decision brought an end of the evidence part of the trial.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy1 month ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
News4 weeks ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat