'We can't go to prison - the food's bad and the sex is worse': What Barclays banker accused of getti

[Frank Cannon]

https://www.dailymail.co.uk/news/article-6630309/What-Barclays-banker-accused-getting-11-8bn-secret-bailout-Qatar-said-colleague.html

A Barclays boss said the bank would collapse without a multi-billion-pound bailout from Qatar, a court heard yesterday.

As the 2008 financial crisis raged, the bank’s executives were desperate to avoid a Government bailout and protect their salaries and ‘very large bonuses’, prosecutors said.

To keep the bank afloat, four top executives agreed to funnel £322 million in secret fees to Middle Eastern investors, it is claimed.

The Qataris had the bank ‘by the b****’, meaning they could drive a ‘hard bargain’, a senior banker told colleagues.

The court heard that Tom Kalaris, former chief executive of wealth management, told the bank’s then-finance boss Richard Boath that he did not want anyone from the bank to go to jail over the deal because ‘the food sucks and the sex is worse’.