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.
The investigation does not involve anyone other than Barclays and its employees. There is no suggestion of any impropriety of any other party.
everything is clean out there,,,,,
it has nothing to do with either of them and more to do with barclays staff themselves
Nothing will happen, neither Qatar nor QIA will help this inquiry in any way