A former Tesco chairman and an in depth agent to Sheikh Mansour of Abu Dhabi are among high-profile figures set-to testify in financier Amanda Staveleys 1.5bn tall legal instance against Barclays, which is because of start on Monday.

Ms Staveleys personal equity company PCP Capital is suing Barclays for so-called deceit throughout the terms of its 2008 disaster fundraising, when the lender looked to Qatar and Abu Dhabi to boost money, letting it prevent an UNITED KINGDOM government bailout.

Barring any last-minute settlement, the nine-week trial can give fresh insight into the occasions of October 2008 as Barclays scrambled to improve billions of weight within level of the global financial crisis.

Barclays denies wrongdoing and it is defending the suit, which it states is without merit.

Three former Barclays executives were acquitted by jury earlier on this year in an unlawful test brought by the Serious Fraud Office throughout the Qatari fundraising.

The SFO alleged that the males had lied to the market about Qatari investors privately being paid an extra 322m in substitution for investment into the two disaster money telephone calls in June and October 2008.

but Ms Staveleys lawsuit is targeted on the occasions across the Abu Dhabi investment.

PCP statements inside lawsuit it would never have built the parallel Abu Dhabi region of the fundraising had it understood in regards to the side deals guaranteed by Barclays to Qatar.

The firm argues that its preliminary participation ended up being as a main investor anything disputed by Barclays, which alleges that Ms Staveley was only ever before seen because of the bank as an adviser.

PCPs witnesses includes Ali Jassim, a dependable business agent to Sheikh Mansour. Ms Staveley, just who orchestrated Sheikh Mansours acquisition of Manchester City in 2008 and is steering a deal for Newcastle United, will herself testify for several times.

Barclays had been prosecuted by the SFO across 2008 fundraising but had the criminal costs against it scrubbed by the process of law two years ago.

It nevertheless deals with Ms Staveleys civil lawsuit including delayed regulatory scrutiny from Financial Conduct Authority within the Qatari event before it may draw a range in events of 2008.

with its newest defence document filed within High Court, Barclays claims the PCP claim is fundamentally misconceived and that the company is not functioning on its behalf but that Sheikh Mansour.

Barclays denies it made any representations that have been false, the financial institution claims.

The financial institutions witnesses are set to integrate Sir Richard Broadbent, who was the senior non-executive director at Barclays during the time and soon after became chairman of Tesco before stepping straight down from store in 2014.

John Varley, the former Barclays leader who was acquitted of criminal wrongdoing because of the legal of Appeal in 2019, has given a witness declaration for the suit. He could be expected to provide proof about the fundraising under oath in a court for the first time.

Roger Jenkins, Barclays previous president of investment financial in the centre East, normally likely to testify. Among trio acquitted when you look at the unlawful trial previously this current year, he testified toward Old Bailey in London he had done nothing incorrect and said the 2008 fundraising was in fact authorized by Barclays board and attorneys.