Qatar treatment

22 July 2015 By George Hay Follow @gfhay

The UK bank may have the option of taking a so-called deferred prosecution agreement for alleged inadequate disclosure of fees paid to the emirate after a 2008 capital hike. A speedy resolution would remove a key risk for investors. But it might also open a legal can of worms.

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Barclays denied on July 21 that it had been offered a so-called deferred prosecution agreement from the UK’s Serious Fraud Office associated with allegations of insufficient disclosure connected with a Qatari fundraising from 2008.

The UK bank said it was not in a position to comment on an ongoing legal matter, save to clarify that there had been no offer made of a DPA. However, the SFO has contacted a number of companies earlier this year to discuss matters including DPAs, according to a person familiar with the situation.

Barclays shares were trading at 282 pence on July 22, down 0.4 percent.

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