The criminal trial of John Varley, the former chief executive of Barclays as well as three other former Barclays bankers has been set for January 2019.
The four men and Barclays Plc face allegations relating to the bank’s capital raising at the height of the crisis in 2008 that enabled it to avoid a UK government bail out.
The men made their first appearance at Southwark Crown Court on Monday following a magistrates court hearing earlier this month.
Mr Varley, who was chief executive at the time of the 2008 financial crisis and three ex-colleagues including Roger Jenkins, the former head of the bank’s middle east operations, all stood in the glass panelled dock at Southwark to identify themselves in the hour long hearing before Mr Justice Edis.
Mr Varley and Mr Jenkins, both aged 61, face two counts of conspiracy to commit fraud by false representation over two emergency cash calls when Qatar invested £6.3bn to keep the bank out of UK government control. The bank entered an “advisory services agreement” with Qatar worth £322m at the same time.
The two men also are charged with a count of unlawful financial assistance over a $3bn loan the bank made to Qatar’s finance and economy ministry just as the second cash call was closing. Barclays Plc also faces the same three charges.
Tom Kalaris, 61, who was head of the wealth management division at the time, and Richard Boath, 58, who chaired the bank’s financial-services team, face a single count of false representation over the first fundraising.
The men remain on bail. John Varley and Richard Boath are on unconditional bail. Tom Kalaris, who is a dual US and British citizen but lives in London and Roger Jenkins, who is British but lives in California, were required to post £500,000 security for bail at the hearing before magistrates court.
Mr Varley, who was on Monday wearing a bottle green tie and grey suit and carrying a white canvas bag, is the most senior British banker ever to face a British court in a criminal or civil case since the financial crisis erupted almost a decade ago.
The Barclays prosecution is one of the most high profile cases ever brought by the Serious Fraud Office.
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