Muslims WorldWide

British bank bails itself out by lending £2.3bn to Qataris to buy its shares


Would a better strategy be to lend to small businesses across the country than give the reins to some foreign invader and thief? Britain has turned into a Muslim shithole. They are so deeply embedded in the Arab arse they can see no way out. Every bank,every retail industry, every hotel, every government department has their head up some Muslim arse straight from the jihad plains of the Arabian deserts. And it all comes down to their excessive greed for money. If they are that greedy, why did they hand the oil discovery to these backward animals in the first place? They were not forced to. Saudi Barbaria was only established as a country in 1932 after they signed contracts for oil extraction. Prior to that Muslims knew very well they had invaded the region  and that they occupied foreign territory – a non-Muslim region – and they continued to roam it as desert invaders, fighting and killing anyone and everyone they came across. There was no ownership of the deserts where oil was discovered. In fact, what was not owned was pretty much British and French protectorates and/or mandates which some libturd fool willingly handed over to some horrid, violent, primitive, barefoot, illiterate bedouines who made wealth from no work, invention or contribution at all. They came straight from jihad battles to the negotiation rooms for oil contracts. Once they had oil they had money, and with plenty of money and food Muslims began breeding like rats. Did they imagine the looting and jihad would end just by handing them oil and bottomless wealth? Britain had a chance and they blew it. They should have taken control of all the brutally invaded Arab regions, and used the oil revenues to kill all the Muslims off and wiped out Islam once and for all. The world would be a completely different place and a pretty peaceful place today.

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The prince’s ex sues Barclays: Glamorous financier who dated Andrew claims bank illegally loaned Qatari investors £2.3bn so they could BAIL it out at height of financial crisis

  • High Court documents claim Barclays loaned £2.3b to Qatari businessmen
  • Almost exactly the same amount Qataris then spent on Barclays shares 
  • Claims are toxic as they suggest Barclays was saved with its own cash
  • The bank denies the allegations, made in a legal row by Amanda Staveley 

 

Barclays gave a £2.3billion loan to Qatari investors so they could rescue the bank at the height of the financial crisis, according to explosive claims made in a legal row by City financier Amanda Staveley (pictured)

Barclays gave a £2.3billion loan to Qatari investors so they could rescue the bank at the height of the financial crisis, according to explosive claims made in a legal row by City financier Amanda Staveley.

The allegations are the latest twist in the bank’s long-running dispute with dealmaker Ms Staveley, a millionaire famed for her links with Middle Eastern investors.

She was instrumental in a deal to save Barclays struck at the height of the banking crisis in October 2008, which raised £7.3billion and saw off the need for a state bailout of the lender.

Ms Staveley’s venture capital firm PCP earned £29.5million from the rescue after lining up Abu Dhabi investors to take part.

But she is suing the bank for more than £700million in damages, plus interest and costs, after claiming it had failed to pay her and her investors the same fees doled out to the Qataris.

Ms Staveley’s firm accused Barclays of handing £346million in fees to Qatar, saying £280million of these payments were not revealed at the time.

New High Court documents filed by PCP claim that Barclays loaned £2.3billion to Qatari businessmen. This is almost exactly the same amount Qataris then spent on Barclays shares – a move which helped keep the bank afloat.

The allegations, which Barclays denies, are toxic because they suggest that Barclays was saved with its own cash rather than attracting fresh money from outside.

It is illegal for companies to lend money specifically so that the borrower can buy shares in them.

The allegations are the latest twist in the bank’s long-running dispute with dealmaker Ms Staveley, who once dated Prince Andrew

The allegations are the latest twist in the bank’s long-running dispute with dealmaker Ms Staveley, who once dated Prince Andrew.

And crucially it staved off the need for ta rescue bid by the Treasury. This would have allowed the Government to dictate dividend payments and pay deals.

PCP claimed that Barclays’ behaviour was ‘a fraud on its shareholders perpetrated through a series of unlawful transactions and dishonest conduct’.

The deal is not the first to make headlines for Ms Staveley, who is worth an estimated £105m.

She is renowned for her black book of overseas moneymen and played a key role in the sale of Manchester City to Abu Dhabi’s Sheikh Mansour in 2008.

Ms Staveley also came close to securing Liverpool FC’s sale to Dubai, although that bid ultimately ended in failure despite years of effort.

She also had a hand in major London property sales as Gulf investors poured money into the capital.

The dealmaker’s personal life is almost as colourful as her business history.

Her first break came after launching a Cambridgeshire restaurant called Stocks, which she bought in 1996 while in her early 20s.

Customers included horse racers from nearby Newmarket – including stables owned by Dubai’s ruling family – and entrepreneurs from the region’s thriving technology scene.

Ms Staveley’s next venture was conference centre Q.ton in Cambridge Science Park – and it was here that she met Prince Andrew as he escorted King Abdullah of Jordan on a fact-finding mission.

Ms Staveley’s venture capital firm PCP earned £29.5million from the rescue after lining up Abu Dhabi investors to take part. But she is suing the bank for more than £700million in damage after claiming it had failed to pay her and her investors the same fees doled out to the Qataris

Ms Staveley’s venture capital firm PCP earned £29.5million from the rescue after lining up Abu Dhabi investors to take part. But she is suing the bank for more than £700million in damage after claiming it had failed to pay her and her investors the same fees doled out to the Qataris.

He took her number and a relationship began, with visits to Buckingham Palace and Sandringham.

The businesswoman even met his daughters, princesses Beatrice and Eugenie, but ultimately declined a marriage proposal in 2003.

Friends say she hates being described as a glamour girl defined by her brush with royalty.

And even foes who once dismissed her as sexist have grudgingly come to respect her business acumen.

Ms Staveley ultimately married Iranian businessman Mehrdad Ghodoussi in 2011 and the couple’s son Alexander – nicknamed Lexi – was born in 2014 after she went into labour in a business meeting.

She splits her time between Dubai and London, staying in a huge property in prestigious Park Lane when in Britain.

The dealmaker grew up in Yorkshire, where her father founded the Lightwater Valley theme park.

In 2013 she was diagnosed as carrying the genes for Huntington’s disease, a degenerative brain condition for which there is no cure, but vowed to keep working.

She even turned up at a client meeting the same day as the diagnosis, despite advice from doctors to take a fortnight off.

Ms Stavely dated Prince Andrew, but the relationship ended after she declined a marriage proposal in 2003

Ms Stavely dated Prince Andrew, but the relationship ended after she declined a marriage proposal in 2003.

Ms Staveley has a string of successes to her name but the Barclays rescue was a moment when the British financial system itself benefited from her little black book.

The businesswoman – who attended the £29,250-a-year Queen Margaret’s School in York – had been in contact with Abu Dhabi’s Sheikh Mansour for months in the run-up to the deal.

She spoke to top bosses including former chief executive Bob Diamond, who resigned in disgrace years later over the Libor rate-rigging scandal which saw his employer hit with record fines.

One key contact was Roger Jenkins, then reportedly Britain’s best-paid banker earning more than £75million a year, who she met at his house in Mayfair.

Mr Jenkins – who later moved to America and was earlier this year revealed to be involved in a venture to grow cannabis legally in California – was then married to Bosnian socialite Sanela Diana, and the pair had their own set of contacts to work on.

It was only years later that the agreement to save the bank turned sour.

PCP filed a lawsuit against Barclays earlier this year.

It has now signed up litigation funding firm Therium to support its case.

Ms Staveley said: ‘Therium’s involvement in the case shows the strength and confidence in the claim.

Barclays is also facing a probe from the Serious Fraud Office (SFO) over its loan to the Qataris.

Lawyers for the SFO said it hoped to have decided by early next year whether criminal charges should be brought.

A Barclays spokesman said: ‘We believe the claim against Barclays is misconceived and without merit and Barclays will be vigorously defending it.’

One thought on “British bank bails itself out by lending £2.3bn to Qataris to buy its shares

  1. FRAUD,LIES,CHEATING,ROBBING,LOOTING,RAPING,MOLESTING,OCCUPYING,TERRORIZING,DENYING,FABRICATING,FORCING,DECEIVING,THREATENING,BLACKMAILING,DUPLICATING, COPYING,ABUSIVE,LIARS,BONAFIDE CRIMINALS,THUGS, KIDNAPPING,ABDUCTING,BOMBING,,INVADING,CONQUERING,KILLING,ETC, THE WORLD IS AT RISK

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