Barclays Exec Was 'Taken Aback' By Qatari Fee Hike

Law360, London (November 26, 2019, 4:47 PM GMT) -- A former Barclays executive who was the bank’s dealmaker in the Middle East told a London jury on Tuesday he was “taken aback” when prospective Qatari investors hiked their demands for fees for taking part in the British lender’s efforts to raise capital.

Roger Jenkins, who was the “gatekeeper” of Barclays relationship with Qatar, was giving evidence for the second day at his trial at the Old Bailey on fraud charges. He faces allegations that he and two other bank officials negotiated a fictional services deal with the Middle Eastern country to meet its financial demands for injecting £3.9 billion ($5...

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