Ex-bosses of Barclays face 2019 trial over deals struck

● Bankers charged with conspiracy to commit fraud over bid to raise capital

Barclays, its former chief executive and three top bankers will face trial in 2019 over alleged deals struck during fundraising at the height of the financial crisis.

The bank, ex-group boss John Varley, 61, Roger Jenkins, 61, Thomas Kalaris, 61, and Richard Boath, 58, have all been charged with conspiracy to commit fraud over a June 2008 bid to raise capital.

Boath, of Henley-onthames, Oxfordshire, Jenkins, of Malibu, California, Kalaris, of Thurloe Square, Kensington, west London, and Varley, of Pembridge Villas, Notting Hill, west London, appearedatsouthwarkcrown Court yesterday.

Barclays, Varley and Jenkins also face a charge relating to fundraising in October 2008, while they have also been charged with providing unlawful financial assistance.

The case marks the first criminalchargestobebrought in the UK against a bank and its former executives for activities during the financial crisis.

Varley, who appeared in court wearing a grey suit and green tie, was chief executive between 2004 and 2011.

Kalaris, who appeared wearing a dark suit and yellow tie, used to lead the bank’s wealth and investment management division, while Boath, who wore a dark suit and blue tie, was former head of the Euro-

0 Former Barclays banker Roger Jenkins leaves Southwark Crown Court yesterday pean financial institutions group at Barclays.

Judge Mr Justice Edis set a date for the trial – which is

The Financial Conduct Authority imposed a £50 million penalty on the bank in 2013 after finding that Barclays had failed to disclose arrangements and fees it paid to the Qatari investors.

Barclays contested the fine and the challenge was put on hold while the SFO conducted its investigation, but that stay has been lifted.

The United States Department of Justice and the US Securities and Exchange Commission have also been carrying out investigations over the payments.