Barclays is being accused of paying Qatari investors a total of £ 346 m in secret and dishonestly characterising payments to secure the investors ' participation in the bank 's 2008 emergency fundraising , according to a £ 1bn lawsuit . Amanda Staveley 's PCP , which acted on behalf of a senior Abu Dhabi royal during the Barclays £ 7.3bn cash call , has alleged in court documents that Barclays made the payments after the Qataris saw the value of an earlier investment in the bank plummet as the financial crisis took off ; PCP is seeking £ 720 m in cash plus interest and costs . The bank said: "We believe the claim against Barclays is misconceived and without merit and Barclays will be vigorously defending it." This lawsuit reveals the frantic last - minute arrangements in the lead up to the October 2008 deal , which allowed the bank to stay out of the control of the Qatar Government .
Barclays is being accused of paying Qatari investors a total of £ 346 m in secret and dishonestly characterising payments to secure the investors ' participation in the bank 's 2008 emergency fundraising , according to a £ 1bn lawsuit . Amanda Staveley 's PCP , which acted on behalf of a senior Abu Dhabi royal during the Barclays £ 7.3bn cash call , has alleged in court documents that Barclays made the payments after the Qataris saw the value of an earlier investment in the bank plummet as the financial crisis took off ; PCP is seeking £ 720 m in cash plus interest and costs . This lawsuit reveals the frantic last - minute arrangements in the lead up to the October 2008 deal , which allowed the bank to stay out of the control of the Qatar Government .