Barclays labels Staveley lawsuit ‘distorted and exaggerated’

Barclays labels Staveley lawsuit ‘distorted and exaggerated’

PCP alleges that Qatar had received 346 million pounds in extra fees, including a 280 million pound "sham" ASA, and a $3.0 billion loan from Barclays that almost matched the amount the Gulf state was investing.. Qatar said after the February fraud trial that two ASAs with Barclays, agreed in 2008, were genuine.. PCP also alleges that if it had known about the Qatar deal, it would have negotiated extra fees or revised terms and would have kept a 10% interest in the funding deal - which it gave up to keep Abu Dhabi investors on board that November.. PCP, which led a group that invested about 3.25 billion pounds in Barclays in 2008, was paid 30 million pounds in April 2009 for its work..