SFO targets Barclays

PROSeCUtORS are seeking fresh fraud charges against Barclays over a controversial fundraising in Qatar.

the lender has been accused of breaking the law over a £2.3bn rescue by the Qataris in 2008, which allowed it to avoid a Government bailout during the financial crisis. Barclays was previously due to go on trial in January, but the charges were dismissed by the High Court.

But the Serious Fraud Office is seeking to reinstate them and is making its case at the High Court this week. Four former bosses – including ex- chief executive John Varley – are already due to go on trial.