Sham deal ‘protected banker’s multi million pound bonuses’

A former executive chairman of Barclays bank pushed through a ‘sham’ deal to secure his £25 million bonus, a court has heard. The bank’s former Middle East investment chief, Roger Jenkins, 63, is alleged to have conspired with ex-CEO John Varley, 62, and colleagues Tom Kalaris, 63, and Richard Boath, 60, to secretly bail-out the bank with Qatari investors. Executives secured £11.8bn in fundraising during the 2008 financial crisis by sending the Gulf state additional payments through a fake contract…