Barclays fraud charge setback a ‘punch in the gut’ for Serious Fraud Office

The Serious Fraud Office (SFO) is under fire over its handling of a five-year investigation into Barclays, after fraud charges against the lender were thrown out last week.

Southwark Crown Court dismissed all charges against Barclays over an £11.8bn emergency cash call backed by Qatar at the height of the financial crisis, allowing the bank to avoid a state bail-out, unlike rivals RBS and Lloyds.

via Barclays fraud charge setback a ‘punch in the gut’ for Serious Fraud Office.