Belfast Telegraph

Barclays and ex-bosses to face 2019 trial over alleged financial crisis deals

Barclays, its former chief executive and three top bankers will face trial in 2019 over alleged deals struck during fundraising at the height of the financial crisis.

The bank, ex-group boss John Varley, 61, Roger Jenkins, 61, Thomas Kalaris, 61, and Richard Boath, 58, have all been charged with conspiracy to commit fraud over a June 2008 bid to raise capital.

Boath, of Henley-On-Thames, Oxfordshire, Jenkins, of Malibu, California, Kalaris, of Thurloe Square, Kensington, west London, and Varley, of Pembridge Villas, Notting Hill, west London, appeared at Southwark Crown Court on Monday.

Barclays, Varley and Jenkins also face a charge relating to fundraising in October 2008, while they have also been charged with providing unlawful financial assistance.

The case marks the first criminal charges to be brought in the UK against a bank and its former executives for activities during the financial crisis.

Varley, who appeared in court wearing a grey suit and green tie, was chief executive between 2004 and 2011.

Kalaris, who appeared wearing a dark suit and yellow tie, used to lead the bank's wealth and investment management division, while Boath, who wore a dark suit and blue tie, was former head of the European financial institutions group at Barclays.

Judge Mr Justice Edis set a date for the trial, which is expected to last up to four months, of January 9 2019.

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