Fraud prosecutors have invited Barclays to discuss the possibility of a deal to settle a long-running criminal probe over its dealings with Qatari investors ahead of a £5.8bn emergency cash call at the height of the financial crisis.
The UK’s Serious Fraud Office, which has been pursuing the probe with special government funds, earlier this month floated the possibility of a “deferred prosecution agreement”, according to people familiar with the investigation. The discussions are at a very early stage and no offer is on the table.
“We are not in a position to comment on an ongoing legal matter, save to clarify that there has been no offer made of a DPA,” Barclays said.
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