SFO to question former Barclays’ chief over Barclays-Qatar probe

A number of former executives of Barclays, including former chief executive officer Robert Diamond, will be questioned by the Serious Fraud Office (SFO) over a 2008 controversial bailout deal with Qatari investors.

Emerging reports suggest that the SFO has asked twelve former executives of Barclays to be questioned under caution.

A representative for Mr. Diamond claimed that he would help investigators wherever he could on anything related to Barclays. When contacted, the representative said, "Mr. Diamond will continue to assist wherever he can on anything related to Barclays. He is very proud of his tenure at the bank."

However, the SFO and Barclays declined to comment on the matter.

The ongoing probe is about the fee of £322 million (_395 million) that Barclays had paid to the Qatar Investment Authority as it was raising £7 billion from various investors, such as the Qataris, at the peak of financial crisis in 2008.

Mr. Diamond was chief of the London-based bank's investment arm at the time of the fundraising. The list of other former executive who are under the SFO's probe includes the then chief financial officer Chris Lucas and executives Roger Jenkins and John Varley.

Meanwhile, Britain's financial markets regulator, the Financial Conduct Authority, is considering imposing a fine of £50 million on Barclays over the matter.

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