The Serious Fraud Office (SFO) on Friday suffered another major setback in the U.K.’s first trial against bank executives for misconduct during the 2008 financial crisis, after three former executives of Barclays were acquitted of fraud charges.
Roger Jenkins, Richard Boath, and Thomas Kalaris were charged with conspiracy to commit fraud for allegedly misleading investors and the markets over capital raising arrangements agreed with Qatar Holding and Challenger Universal in June and October 2008.
