SFO Puts Barclays In The Crosshairs

The Serious Fraud Office said the charges include conspiracy to commit fraud and unlawful financial assistance
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The U.K.'s Serious Fraud Office said Tuesday that it has charged four former executives of Barclays plc (BCS) - Get Report , including CEO John Varley, in a probed linked to the bank's capital raising at the height of the global financial crisis in 2008.

The SFO said the charges include conspiracy to commit fraud and unlawful financial assistance and that that defendants, including former CEO John Varley, former investment banking chairman Roger Jenkins, Barclays Wealth CEO Thomas Kalaris and Richard Boath, the former head of the bank's financial institutions group. All of the defendants will appear before Westminster Magistrates' Court on July 3, the SFO said.

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This article was written by a staff member of TheStreet.