The Serious Fraud Office has suffered a crushing defeat in the high-profile seven-year case against three former top executives at Barclays, after they were all cleared of fraud charges relating to deals made with Qatar during the financial crisis. The three defendants – Roger Jenkins, Tom Kalaris and Richard Boath — were acquitted after a five-month retrial at London’s Old Bailey. It was the first criminal trial to examine steps senior bankers took during the financial crisis in the UK. Senior partner Michael O’Kane who represented Mr Boath said : “ What was the SFO doing spending millions prosecuting Mr Boath, when he had been cleared of exactly the same conduct by the FCA? The new attorney-general should conduct a thorough review as to why the SFO repeatedly demonstrates such poor judgement.”  Read more