Barclays will learn whether fraud prosecutors intend to file charges related to its $10.2bn fundraising from Middle Eastern investors by early next year, lawyers for the Serious Fraud Office told a London court.
That probe is likely to be concluded by the end of the year, SFO lawyer Andrew Onslow said at a London court hearing in a separate lawsuit against Barclays filed by the investment firm that helped broker the deal. A decision on charges is expected soon afterward, he said.
The SFO is set to receive about 100,000 additional documents from Barclays, Onslow said. The fraud prosecutor is preparing to re-interview some of the 44 witnesses and has concerns about the PCP case interfering with its probe.
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