Blod Posted June 20, 2017 Share Posted June 20, 2017 http://www.bbc.co.uk/news/business-40338220 So finally some action. I don't hold out a hope that some of those responsible will spend any time behind bars. A few fines and some stern words. We can only imagine how much the investigation has cost. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 20, 2017 Share Posted June 20, 2017 9 minutes ago, Blod said: http://www.bbc.co.uk/news/business-40338220 So finally some action. I don't hold out a hope that some of those responsible will spend any time behind bars. A few fines and some stern words. We can only imagine how much the investigation has cost. I saw this on Sky news earlier....they said something like. This is not very serious because when a corporation is charged with fraud they can pay a large sum of money and the charges are dropped. Which,. IMHO, is an even bigger fraud !!!! This is one corrupt country. Quote Link to comment Share on other sites More sharing options...
giggler000 Posted June 20, 2017 Share Posted June 20, 2017 5 minutes ago, TheCountOfNowhere said: I saw this on Sky news earlier....they said something like. This is not very serious because when a corporation is charged with fraud they can pay a large sum of money and the charges are dropped. Which,. IMHO, is an even bigger fraud !!!! This is one corrupt country. Cost of doing business. Always lower than returns from actual fraud Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted June 20, 2017 Share Posted June 20, 2017 Is the allegation that they lent (created) money to a 3rd party to then invest back in themselves (counted as capital). It not, I'll patent that idea and make myself infinitely rich. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted June 20, 2017 Share Posted June 20, 2017 Protium Quote Link to comment Share on other sites More sharing options...
Errol Posted June 20, 2017 Share Posted June 20, 2017 “This is the most significant charging decision for the SFO in recent times, if not ever,” said Sarah Wallace, a partner and head of regulatory and criminal investigations at Irwin Mitchell law firm. “In the past few years, Barclays faced an unprecedented number of investigations by worldwide regulators but this SFO criminal prosecution is the most serious." https://www.theguardian.com/business/2017/jun/20/sfo-charges-barclays-bank-executives-ceo-2008-qatar-fundraising Quote Link to comment Share on other sites More sharing options...
Lord D'arcy Pew Posted June 20, 2017 Share Posted June 20, 2017 Let's hope none of the £11.8 Billion originated from a certain caliphate seeking group in the area. What with Qatar being accused of sponsoring terrorists, and a blockade in place. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted June 20, 2017 Share Posted June 20, 2017 6 hours ago, TheCountOfNowhere said: I saw this on Sky news earlier....they said something like. This is not very serious because when a corporation is charged with fraud they can pay a large sum of money and the charges are dropped. Which,. IMHO, is an even bigger fraud !!!! This is one corrupt country. Deutsche Bank anyone? Quote Link to comment Share on other sites More sharing options...
Blod Posted June 20, 2017 Author Share Posted June 20, 2017 11 hours ago, TheCountOfNowhere said: I saw this on Sky news earlier....they said something like. This is not very serious because when a corporation is charged with fraud they can pay a large sum of money and the charges are dropped. Which,. IMHO, is an even bigger fraud !!!! This is one corrupt country. Surely it's a global phenomenon. Isn't ironic that this is viewed as fraud whereas financialization isn't Quote Link to comment Share on other sites More sharing options...
winkie Posted June 20, 2017 Share Posted June 20, 2017 Could it be that fines are factored into the actions......no fine so become part of the bonus, big fine par for the course? Quote Link to comment Share on other sites More sharing options...
spyguy Posted June 20, 2017 Share Posted June 20, 2017 5 hours ago, Noallegiance said: Deutsche Bank anyone? Douche Bag? Quote Link to comment Share on other sites More sharing options...
BorrowToLeech Posted June 20, 2017 Share Posted June 20, 2017 12 hours ago, VeryMeanReversion said: Is the allegation that they lent (created) money to a 3rd party to then invest back in themselves (counted as capital). It not, I'll patent that idea and make myself infinitely rich. I believe that is legal. I know. Quote Link to comment Share on other sites More sharing options...
John51 Posted June 21, 2017 Share Posted June 21, 2017 On 6/20/2017 at 8:22 AM, TheCountOfNowhere said: I saw this on Sky news earlier....they said something like. This is not very serious because when a corporation is charged with fraud they can pay a large sum of money and the charges are dropped. Which,. IMHO, is an even bigger fraud !!!! This is one corrupt country. Anecdote I got told in the early 70s. American guy on holiday in London asks his British friend 'Do you have organised crime here?' 'Yes' comes the reply, 'We'll go there tomorrow'. Takes him to visit the stock exchange. Quote Link to comment Share on other sites More sharing options...
Ah-so Posted June 21, 2017 Share Posted June 21, 2017 I should be scandalised but I do struggle to see what the huge crime was. OK, existing investors got diluted a bit, but that would have happened with a bail out. And with regards lending the Qataris the money - I think they are good for it. Not write like the Protium deal which was very iffy. Quote Link to comment Share on other sites More sharing options...
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