Barclays bankers trial concludes with acquittal. Edward Brown QC and Philip Stott prosecuted.

Edward Brown QC and Philip Stott prosecuted a five month trial against three former top Barclays executives for fraud charges linked to how the bank raised billions from Qatar in the financial crisis. 

They were instructed by the Serious Fraud Office (SFO) who had alleged the bank had given Qatari entities secret fees in return for help to survive without a UK government bailout in 2008.  It was the first criminal trial to examine steps senior bankers took during the UK financial crisis.

Edward Brown QC led a team of two silks and one junior counsel, Philip Stott in the prosecution of this case that spanned 7 years.  The first trial was halted by defence submissions, some of which were overturned on appeal by the SFO at the Court of Appeal.  A re-trial was ordered, which lasted 5 months, concluding with acquittals.

Edward Brown QC and Philip Stott were instructed by the SFO.

The case is widely reported in the press: The GuardianBBC NewsFinancial Times and Bloomberg

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