Former President of Barclays Bank: I did not know the document on additional country taxes

Former Barclays Bank chairman, Markus Agios, declined a commission of £ 280 million at a hearing in a court in London.

During his testimony in court on Wednesday, Agios said he saw a document detailing the approved fees for Qatari investors for the first time after four years of approval.

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He told a British court that he did not know how the GBP 280 million surtax ($ 365 million) had been negotiated, nor how that figure had been reached in October 2008 at the height of the crisis. financial.

"Not only did I not see the document, I was not even aware of it," said the senior banker who testified in South Wark's court on the second day of his testimony. "I saw the document for the first time in 2012.

John Farley, former CEO of Barclays and some of his former colleagues Roger Jenkins, Tom Calaris and Richard Booth, face charges of false representation fraud in parallel agreements with Qatar with funding 12 billion pounds sterling more than 10 years ago.

Qatari investors injected nearly $ 4 billion into Barclays during two finance deals in the height of the 2008 credit crisis, and bank financing allowed the government to avoid bailouts of the government.

According to the British Serious Fraud Office, four other Barclays executives misled shareholders, the market and other investors by not revealing that the bank had paid an additional £ 322 million to Qatar through two consultancy contracts . More than ten years.

Former executives, the most senior bankers facing a lawsuit in Britain for practices during the credit crunch, deny any wrongdoing.

According to court filings, Farley and Agius were jointly granted full authority to implement a second round of funding after a Barclays Board Finance Committee meeting on October 28, 2008, which included fees. " just and reasonable, "according to the documents.

Source: Reuters