Financial Shenanigans (again)

in reality, all of this has been a total load of old bollocks
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Diamond Dog
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Financial Shenanigans (again)

Postby Diamond Dog » 12 Feb 2018, 08:44

So Barclays Bank PLC has been charged with "Unlawful Financial Assistance" relating to a loan from Qatar Holdings after the financial crisis in 2008 (that's ten years ago, folks). Full story here:

http://www.bbc.co.uk/news/business-43029731

Here's a snippet :

In 2008, to avoid a government bailout, Barclays took a £12bn loan from Qatar Holdings.
Under that deal Barclays loaned £2.3bn back to Qatar Holdings and it is that part of the transaction that the charge of unlawful financial assistance is related to.
In a brief statement, the Serious Fraud Office (SFO) said that £2.3bn loan was "for the purpose of directly or indirectly acquiring shares in Barclays Plc".


A near 20% 'bribe' to secure the loan.... I mean, it's not Wonga but, even so, you'd have thought that might have been transparent enough to have seen action a little more quickly, don't you?
Bruce Springsteen wrote: May the living let us in/Before the dead tear us apart"

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Griff's Colombian Friend
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Re: Financial Shenanigans (again)

Postby Griff's Colombian Friend » 12 Feb 2018, 10:24

Diamond Dog wrote:So


:x
You come at the Queen, you best not miss.

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Someone in your line of work usually as their own man cave aka the shed we're they can potter around fixing stuff or something don't they?

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Diamond Dog
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Re: Financial Shenanigans (again)

Postby Diamond Dog » 12 Feb 2018, 10:25

Bernie on FB wrote:
Diamond Dog wrote:So


:x


:lol:

I wondered who would bite first! lol
Bruce Springsteen wrote: May the living let us in/Before the dead tear us apart"

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Jimbo
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Re: Financial Shenanigans (again)

Postby Jimbo » 12 Feb 2018, 12:09

First of all, I think your "So" is appropriate in this case. It's like rubbing your hands together before dishing out some gossip. "So have you heard about Phillip?"

Second, I thought you were going to mention the Irish banking scandal.

Calls for a criminal investigation into Ireland's latest banking scandal

Shock revelations that up to 30,000 Irish mortgage holders have been defrauded by their banks have led to calls for a full criminal investigation to be carried out into Ireland’s tracker mortgage scandal. https://www.irishcentral.com/news/polit ... plaination
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