Barclays and the bailout

Barclays hit by new storm as chiefs probed over £7bn Arab bailout

Barclays was engulfed in a new scandal last night after it emerged that finance director Chris Lucas is among four "current and former employees" under investigation by the Financial Services Authority over the multi-billion pound bailouts that the bank received from the Middle East in 2008.

The probe focuses on millions of pounds in commissions the bank paid to help secure the £7.1bn raised from Qatar, Abu Dhabi and its own shareholders in November 2008, and the £4.5bn from investors including Qatar and Sumitomo Mitsui Banking Corporation in June 2008.
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The investigation does not involve anyone other than Barclays and its employees. There is no suggestion of any impropriety of any other party.

http://www.independent.co.uk/news/business/news/barclays-hit-by-new-stor...

everything is clean out there,,,,,

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3 comments Sort by rating

By ydlov12• 28 Jul 2012 21:11

Location: International!

By stealth• 28 Jul 2012 17:19

it has nothing to do with either of them and more to do with barclays staff themselves

By anonymous• 28 Jul 2012 15:32

Nothing will happen, neither Qatar nor QIA will help this inquiry in any way

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Barclays and the bailout

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