SFO launch Barclays probe into bank's dealings with Qatar

Barclays has revealed that the Serious Fraud Office has launched an investigation into payments made between the bank and Qatar at the height of the financial crisis.

Barclays has revealed the SFO has launched an investigation into the bank. Credit: Press Association

The bank said last month that the matter was being investigated by the Financial Services Authority but revealed today that the SFO has launched its own probe.

The organisation is understood to be looking at whether disclosure of payments to advisers was sufficient when it raised more than £5 billion of emergency capital from Middle Eastern investors in 2008.