How Prince Andrew’s ex-girlfriend Amanda Staveley brought in investors from the Middle East to save Barclays from a government bailout in 2008 – and is now set to sue the bank for £1.5bn
- Amanda Staveley brought in investors from Middle East to save Barclays from a government bailout in 2008
- Cambridge University graduate, 46, is set to sue Barclays for unfair treament
- One insider told the Mail that senior Barclays employees were ‘openly sexist about Amanda and rude towards their investors’
The Serious Fraud Office suffered a humiliating defeat after three Barclays executives walked free from the Old Bailey yesterday.
The bank’s chief deal-maker, Roger Jenkins, 64, and executives Tom Kalaris, 64, and Richard Boath, 61, were all acquitted of committing fraud at the height of the financial crisis in 2008.
The SFO’s case against Barclays itself had already collapsed in 2018, and the bank’s former chief executive, John Varley, 63, walked free over the allegations last year.
Amanda Staveley is the high-flying financier who brought in investors from the Middle East to save Barclays from a government bailout in 2008.
With the Serious Fraud Office trial over, the 46-year-old Cambridge University graduate, who once dated Prince Andrew, will now sue Barclays for £1.5 billion for unfair treatment.
Amanda Staveley (pictured) is the high-flying financier who brought in investors from the Middle East to save Barclays from a government bailout in 2008. The 46-year-old Cambridge University graduate, who once dated Prince Andrew, is set to sue Barclays for £1.5 billion for unfair treatment
Prince Andrew greets Amanda Staveley in Cambridge in November 2001 at one of her business ventures – Q.ton, a health club, gym, restaurant and conference centre. The Prince was escorting King Abdullah of Jordan on a fact-finding mission of the area when he met her
The case is due to start later this year and it is believed further damaging revelations will emerge about the culture at the bank at the time.
One insider told the Mail that senior Barclays employees were ‘openly sexist about Amanda and rude towards their investors. There’s more to come out’.
Mrs Staveley has made her millions by acting as a banker to the Middle East’s oil-rich sheikhs.
The case is due to start later this year and it is believed further damaging revelations will emerge about the culture at the bank at the time. One insider told the Mail that senior Barclays employees were ‘openly sexist about Amanda and rude towards their investors. There’s more to come out’. (Mrs Staveley is pictured last November)
Her family’s wealth dates back to the 16th century when Henry VIII’s one-time favourite, Cardinal Wolsey, granted them a plot of land in North Yorkshire.
Her father Robert is a wealthy landowner while mother Lynne is a former champion horsewoman.
In 2008, Mrs Staveley brokered the £210 million sale of Manchester City FC to Abu Dhabi’s Sheikh Mansour.
Mrs Staveley has made her millions by acting as a banker to the Middle East’s oil-rich sheikhs
At the same time she was eyeing up opportunities to invest in a British bank, and arranged for the sheikh to come in alongside the Qataris at Barclays.
She now alleges she was denied huge fees for arranging the investment because of Barclays’ underhand tactics.
The civil case was delayed by the criminal trial, but is expected to go ahead this year.
Barclays is defending her claim.