Boath was sickened by Barclays' deal with Qatar

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Former Barclays executive Richard Boath was sickened by his bank's deal with the Qataris, Reuters reported according to a court hearing.

Richard Boath, in the dock at Southwark Crown Court with former Barclays CEO John Varley and former senior colleagues Roger Jenkins and Tom Kalaris, told investigators in 2016 he also thought Qatar should have been told to “fuck off” when it demanded additional fees when helping bail the bank out.

The four men are charged with conspiracy to commit fraud by false representation over how they secured a two-part, 11 billion pound-plus ($14 billion) capital raising as the bank scrambled to avoid a state bailout during the financial crisis.

The Serious Fraud Office (SFO), which is prosecuting the case, alleges the defendants misled shareholders and other investors by not disclosing that Barclays paid an extra 322 million pounds to Qatar through advisory service agreements (ASAs), which the SFO says were not genuine.

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