UPDATE 1-London judge dismisses jury in landmark Barclays Qatar case
Judge Robert Jay told the jury at Southwark Crown Court on Monday he was required to discharge them. Former chief executive John Varley, Roger Jenkins, Tom Kalaris and Richard Boath deny conspiring to commit fraud by false representation when Barclays raised more than 11 billion pounds ($14 billion) from investors in 2008, allowing the British bank to avoid a state bailout.
Prosecutors allege the bankers excluded from public documents around 322 million pounds in fees paid to the Qatari investors through so-called advisory service agreements (ASAs). The defendants said they had relied on legal advice during a two-part emergency fundraising in June and October 2008. ($1 = 0.7605 pounds) (Reporting by Iain Withers Editing by Rachel Armstrong/Keith Weir)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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