The case against Barclays PLC and four former executives is scheduled to go to court in 2019.
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Britain's Serious Fraud Office said Monday that it has charged Barclays Bank over the lender's emergency fundraising from Qatar during the financial crisis a decade ago. Barclays Bank's parent company, Barclays PLC, and four former top executives were already charged over the same alleged offense last June, but the SFO has now decided to extend the charges. The SFO revealed Monday that it had also charged the lender's Barclays Bank PLC division with fraud, over the $3 billion loan given by the bank to Qatar 10 years ago in return for financial aid the other way.The bank said it would fight the charges brought against both Barclays PLC and Barclays Bank PLC.
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