Barclays has confirmed the Serious Fraud Office (SFO) has started an investigation into payments between it and Qatar's sovereign wealth fund.
The criminal probe will focus on payments made four years ago to Qatar Holdings LLC, part of sovereign wealth fund Qatar Investment Authority. The SFO will look into the bank's 2008 fundraising, after concerns were raise about the fees paid by the bank relating to the deal, the Telegraph reports. A statement from Barclays confirmed it was under investigation by the SFO in relation to "payments under certain commercial agreements between Barclays and Qatar Holdings LLC". Last month, the bank confirmed four of its former and current managers - including its finance ...
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