Banker tried to avoid using the ‘bung’ word

A former director of Barclays who joked with lawyers about the bank’s ‘bung’ to Qatari investors claimed he believed the deal was legitimate, a court has heard. Richard Boath, 60, is accused of conspiring with ex-CEO John Varley, 62, and colleagues Tom Kalaris, 63, and Roger Jenkins, 63, to organise a secret bail-out from the Middle East. Prosecutors allege that the gang of bankers secured £11.8bn in fundraising during the 2008 credit crunch by sending the Gulf state additional payments…