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Barclays bosses tried to 'legitimise' fraudulent payments to Qatari, court told

Serious Fraud Office accuses ex-bank executives of creating a ‘smoke-screen’ over 2008 payments

Prosecutors for the Serious Fraud Office (SFO) say attempts by former Barclays bank bosses to show services provided by Qatari investors were merely a “smoke-screen” to try to “legitimise” fraudulent payments to the Gulf state in 2008.

A jury at the Old Bailey in London heard that former banking executives tried to gather evidence that would show that payments to Qatar were made in exchange for genuine advisory services, rather than a way of disguising illegitimate fees worth £322m.

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