Barclays and ex-top bankers appear in court over side deals in financial crisis

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Barclays and four former top bankers have appeared in court over side deals struck during emergency fundraising at the height of the financial crisis&period;<&sol;p>&NewLine;<p>The bank&comma; ex-chief executive John Varley&comma; 61&comma; Roger Jenkins&comma; 61&comma; Thomas Kalaris&comma; 61&comma; and Richard Boath&comma; 58&comma; have all been charged with conspiracy to commit fraud over a June 2008 fundraising&period;<&sol;p>&NewLine;<p>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&period;<&sol;p>&NewLine;<p>Boath&comma; of Henley-On-Thames&comma; Oxfordshire&comma; Jenkins&comma; of Malibu&comma; California&comma; Kalaris&comma; of Thurloe Square&comma; London and Varley&comma; of Pembridge Villas&comma; London appeared before a courtroom packed with journalists&comma; at Westminster<br &sol;>&NewLine;Magistrates&&num;8217&semi; Court on Monday&period;<&sol;p>&NewLine;<p>Barclays&comma; Varley and Jenkins face the same charge relating to a second fundraising in October 2008&comma; while they have also been charged with providing unlawful financial assistance&period;<&sol;p>&NewLine;<p>Varley&comma; who was chief executive between 2004 and 2011&comma; headed the bank at the time of the fundraising&comma; while Jenkins is also said to have played a key role in orchestrating the deal&period;<&sol;p>&NewLine;<p>Kalaris used to lead the bank&&num;8217&semi;s wealth and investment management division&comma; while Boath was the former European head of financial institutions group at Barclays&period;<&sol;p>&NewLine;<p>The Serious Fraud Office said the charges relate to the bank&&num;8217&semi;s emergency fundraising from Qatari investors as the group sought to avoid a government bailout amid the banking sector meltdown&period;<&sol;p>&NewLine;<p>Bailing all four defendants&comma; senior district judge Emma Arbuthnot ordered Jenkins and Kalaris to pay a security each of £500&comma;000 owing to the former living in the United States and the latter having dual nationality&period;<&sol;p>&NewLine;<p>Boath and Varley were released on unconditional bail&period; They are next due to appear at Southwark Crown Court on July 17 at 9&period;30am&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecf178487a3">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ecf178487a3'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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