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.
-
Banking & Finance2 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, April 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines4 weeks ago
OER, May 2025