The Daily Telegraph reports that the bank’s fundraising efforts in 2008 are already being examined by watchdog the Financial Services Authority (FSA) and the Serious Fraud Office.
However, while it was known that Barclays was under scrutiny, the alleged loan to the Qataris represents a new element of the investigation, according to reports. How much was allegedly loaned, and to what bodies, is unclear.
The controversial capital raising push in 2008, when the crisis was at its worst, had seen Barclays raise billions of pounds from investors in Qatar and Abu Dhabi, meaning that it avoided taking emergency funds from the Government.
Hit the link below to access the complete Daily Telegraph article:
Barclays investigated over claims it lent Qatar money to invest in itself
Banks face £10bn bill over swaps mis-selling scandal
Seymour Pierce holds crisis talks to stave off administration
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
