Barclays Executives Facing Criminal Charges

The Daily Mail has highlighted that eight former Barclays executives who were facing criminal charges over a fund raising deal have made a last ditch plea for leniency.

The Serious Fraud Office has been investigating the rescue by the bank in 2008 by Middle Eastern Investors who injected £7bn as it teetered on the brink of collapse.

The injection meant Barclays avoided a state bailout but the allegations surround the Bank actually paying the investors circa £322m to take part.

The SFO has interviewed a string of top Barclays bankers under caution, including former chief executives John Varley and Bob Diamond and an ex middle east head Roger Jenkins.

Bloomberg understands that several suspects have now contacted the SFO to explain why they shouldn’t be charged.