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.
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, November 24
-
OER Magazines1 month ago
OER Magazine: December 2024 Edition – The Most Trusted Brands in Oman
-
Energy2 months ago
Oman and Belgium Strengthen Green Hydrogen Partnership with New Landmark Agreement
-
Energy2 months ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025
-
Technology1 month ago
EXCLUSIVE: Technological Singularity – Will It Become Humanity’s Greatest Leap or Its Most Perilous Step?
-
Magazines2 months ago
OER Magazine: November 2024 Edition
-
Oman2 months ago
Oman Braces for Launch of First Experimental Rocket Duqm-1 on 4 December 2024
-
Oman2 months ago
Transport Ministry Issues New Regulation for Security of Ships, Ports