Barclays issued

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Posted by rootuser on Oct 1, 2018

Barclays issued

The chairman of IPIC is Sheikh Mansour. Although the Sheikh did not invest any of his own money in Barclays at the time, a company he controlled was initially issued warrants to buy 758 million shares in the bank.
The warrants gave the owner a valuable option to buy the shares at a fixed price at any point over the following five years.
If Sheikh Mansour profited personally, then Barclays may have breached anti-corruption laws aimed at preventing payments to government officials.
Jeremy Carver, a lawyer for Transparency International, said Barclays may be at fault if government officials benefitted from the deal.