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Ex-Barclays banker Boath pay row set to restart

By Steve Slater

LONDON, Sept 27 (IFR) - A London court case in which a senior investment banker is suing Barclays (LSE: BARC.L - news) for unfair dismissal is due to resume next month.

The banker, Richard Boath, is one of four former senior Barclays executives to be criminally charged over the bank's controversial fundraising with Qatari investors in 2008, in a separate case heard at Southwark Crown Court. That case is due to formally start in 2019.

Boath, who was co-head of global finance in EMEA, is suing Barclays in a dispute over pay. He claims he was fired because of what he told fraud investigators during the investigation into the bank and its dealings with Qatar.

The pay dispute is due to be heard at the East London employment tribunal on October 11-13, according to schedule details released on Wednesday.

There is potential for the case to be adjourned again because of the other outstanding cases surrounding the Qatar deal, including a US$1bn civil lawsuit against Barclays from businesswoman Amanda Staveley.

The tribunal heard preliminary details of Boath's case in December, but the judge adjourned the hearing.

At that time the UK's Serious Fraud Office had not decided whether to charge any individuals related to the fundraising. The SFO in June charged Boath and three others, including former CEO John Varley, with failing to disclose payments. They made a preliminary court appearance in July.

Boath was interviewed by the SFO, and his lawyer said at the employment hearing in December that Boath was fired as a “direct response” of what he told the SFO.

Barclays’ fundraising with Qatar and other investors in 2008 enabled the bank to avoid taking a state bailout, but it has since been criticised as not fully transparent. The SFO’s investigation centres on commercial agreements between Barclays (Swiss: BARC.SW - news) and Qatari investors.

Boath, most recently Barclays’ chairman of the financial institutions group, left the bank in March 2016. (Reporting by Steve Slater)

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