Former Barclays boss accused of ‘funnelling funds’ to Qatar
The Central Criminal Court of England and Wales is hearing accusations against Thomas Kalaris, former chief executive of Barclays wealth and investment management, that he proposed two separate illegal deals that allegedly disguised the true nature of £322m in payments to Qatar in 2008.
The Serious Fraud Office (SFO) made the allegations during the first day of the prosecution’s cross-examination of Kalaris, who was known as the “quarterback” for Barclays’ emergency fundraising at the height of the financial crisis.
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