Former Barclays CEO John Varley is among four defendants on trial for fraud allegations linked to 2008’s global financial crisis. The trial is set to take four months over charges related to the bank’s emergency refinancing arrangements from investors in Qatar during the crisis. It is the first jury trial for a chief executive of a major bank implicated in the crash. There is a possibility of a 10-year prison sentence for the defendants.
Fraud trial kicks off for former Barclays CEO, who could face 10 years in prison for events around the 2008 financial crisis – 7 January 2019
by admin | Jan 7, 2019 | News & Analysis |