Diamond amongst ex-Barclays execs likely to be questioned

Bob Diamond At Davos

Several ex-Barclays bank executives are expected to be questioned under caution by the UK's Serious Fraud Office over a deal with investors in Qatar in 2008.

The BBC reports that they include former chief executive Bob Diamond, who is among about 12 former senior managers due to be quizzed.

John Varley, another ex-chief executive, was also named by the Financial Times as due for interview.

The interviews are part of an inquiry by the SFO into allegations about £322m ($543m) in payments during the Qatar deal.

According to the Police and Criminal Evidence Act, an interview under caution does not compel someone to answer questions. However, "it may harm your defence if you do not mention when questioned something which you later rely on in court."

The SFO has been investigating claims that Barclays paid £322m in fees to investors in order to gain their support for a £5bn ($8.43m) fundraising.

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Ex-Barclays executives face fraud office questioning 

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