Ex-Barclays CEO Varley Cleared of Fraud in Qatar Fundraising
- Court of Appeal dismisses attempt to reinstate fraud charges
- Case against three other former executives will continue
John Varley in February.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Criminal charges against former Barclays Plc Chief Executive Officer John Varley relating to his conduct during the height of the 2008 financial crisis were dismissed following a ruling by a London appeals court.
The decision, which follows months of delays and appeals, puts an end to a scandal that has hung over the former executive for more than a decade. In April, Judge Robert Jay threw out two fraud charges against him, saying there was insufficient evidence against Varley, but the Court of Appeal only upheld the ruling on Friday.