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/ News / SFO DELAYS DECISION ON CHARGES REGARDING BARCLAYS' FUNDRAISING IN QATAR

SFO DELAYS DECISION ON CHARGES REGARDING BARCLAYS' FUNDRAISING IN QATAR

Decisions about charges regarding Barclays' emergency fundraising in Qatar may not come before May.

The Serious Fraud Office (SFO) has written to several former Barclays executives, informing them it will make a decision on whether to file charges by the end of May. The SFO previously told a London court it would make a decision by the end of March.

The five-year-old investigation is into two "advisory services agreements" worth £322M that Barclays agreed to pay the Qatar Investment Authority around the time the Qataris agreed to help the bank’s £12 billion fundraising effort to avoid a state bailout.

This could be one of the biggest cases when it comes to the arguments over corporate as opposed to individual liability – and a reminder of the importance of compliance.

SFO DELAYS DECISION ON CHARGES REGARDING BARCLAYS' FUNDRAISING IN QATAR

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