UK authorities probe Barclays over Qatar loan: FT

[dkf]

(Reuters) - British authorities are looking into an allegation that Barclays (BARC.L) loaned Qatar money to invest in the bank as part of its rescue fundraising at the height of the 2008 financial crisis, the Financial Times reported.

Qatar Holding is not accused of any wrongdoing, the FT said.

The Financial Services Authority (FSA) and Serious Fraud Office (SFO) have been looking into Barclays' emergency fundraising since July.

Qatar Holding invested 5.3 billion pounds ($8.4 billion) in Barclays in June and October 2008, helping it avoid being bailed out by the government, unlike rivals Lloyds Banking Group (LLOY.L) and Royal Bank of Scotland (RBS.L).

http://www.reuters.com/article/2013/02/01/us-barclays-probe-idUSBRE9100E420130201

Wow...just wow.