Barclays

by Alun Hill MCIJ

Barclays PLC

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The Sunday Times today reports a claim from a senior member of the Qatari royal family over an alleged £40 million pounds fraud at Barclays Bank.

They said a billionaire Sheikh, a member of Qatar’s ruling Al Thani family, claims that “gross negligence by Barclays” allowed an employee of the Sheikh to siphon off about £3 million a month from a personal account in Spain.

Barclays declined to comment on the issue – which is not surprising, as they were hoping to borrow rather a lot of money from Qatar later this week …

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