Thursday 8 August 2019 7:10 pm

Trio of ex-Barclays execs facing October trial over Qatar financial crisis fundraisings

Three senior former Barclays executives are set to face a criminal trial in October on charges relating to their involvement in Qatar’s participation in an emergency fundraising at the height of the financial crisis.

Barclays’ former investment head for the Middle East and north Africa Roger Jenkins, former wealth management boss Tom Kalaris and former European financial institutions group head Richard Boath will appear at Southwark Crown Court before Justice Popplewell from 7 October in a trial that is expected to last 4-5 months, the Serious Fraud Office (SFO) said today.

Jenkins has been charged with two counts of conspiracy to commit fraud by false representation and two counts of fraud by false representation, according to an indictment published today.

Kalaris and Boath have both been charged with one count of conspiracy to commit fraud by false representation and one count of fraud by false representation.


All three deny wrongdoing.

The charges dates from the financial crisis when Barclays turned to Qatar during two emergency fundraisings that raised £12bn for the bank as it sought to avoid a government bailout.

Jenkins, Kalaris and Boath allegedly conspired to make false representations in documents relating to Barclays capital raising in June 2008.

Former Barclays chief executive John Varley was acquitted at an earlier trial after a judge ruled the evidence against him was insufficient to proceed.

That ruling was appealed by the prosecution.

The appeal was dismissed by the Court of Appeal.

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