John Mann MP says that today’s announcement by the Serious Fraud Office that Barclays Bank PLC and four former senior executives including former CEO John Varley are to be charged with conspiracy to commit fraud has taken far too long.
Today the SFO announced that after five years of investigation they have charged the bank and four of their former executives for the role they played in securing loans from a Qatari Investment fund at the height of the financial crisis in 2008.
John Mann MP said “In 2012 when this investigation was first announced I called on the SFO to stop playing catch up and divert more resources to this investigation to find out what exactly had gone on.”
John Mann continued “It has taken far too long for the CEOs and senior executives who helped cause the financial crash with their reckless leadership to be held accountable for their actions.”
“We also need to know why it has taken the SFO so long to bring this case to court”