Four former Barclays Bank senior bosses have been accused of disguising and hiding £322 million payment during 2008 financial crisis. The Serious Fraud Office have charged John Varley and Roger Jenkins with conspiracy to commit fraud. The other executives charged are Thomas Kalaris and Richard Boath and all four appeared in Southwark Crown Court in London after an investigation into the bank finding financial alternatives to a government bailout following the financial global crisis in 2008.

Edward Brown QC for the prosecution told the jury that by the summer of 2008, Barclays were under extreme pressure to raise capital and … Read more