Former Barclays boss denies he ‘deceived’ board

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Former Barclays boss rejects suggestion he ‘deceived’ board during 2008 financial crisis

By Daily Mail City & Finance Reporter

Published: | Updated:

A former Barclays boss has rejected a suggestion he ‘deceived’ the board during the 2008 crisis.

John Varley was giving evidence at a High Court trial on Monday where businesswoman Amanda Staveley is suing the bank for £1.6billion over claims it misled her while she helped secure deal that saved it in financial crisis. 

Claim: Amanda Staveley is suing Barclays for £1.6billion over claims it misled her while she helped secure deal that saved it in financial crisis

Barclays disputes the claim. 

She says a £2billion loan to Qatari investors was ‘concealed’ from the market, shareholders and her private equity firm. 

But Varley yesterday denied the suggestion he had deceived the Barclays board about an agreement made with the Qataris in June 2008.

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