Barclays misled shareholders and the public about one of the biggest
investments in the bank's history, a BBC Panorama investigation has
found.The bank announced in 2008 that Manchester City owner Sheikh Mansour had agreed to invest more than...
The bank also said: "The shareholders meeting
had already taken place and there was therefore no need to issue press
releases or additional formal communications to shareholders/other
The chairman of IPIC is Sheikh Mansour. Although the Sheikh did not
invest any of his own money in Barclays at the time, a company he
controlled was initially issued warrants to buy 758 million shares in
the bank.The warrants gave the owner...
However, the 758 million shares associated with the warrants were bought
at significantly below the market price and they now belong to Sheikh
Mansour.Barclays said the change in ownership of the offshore company had no bearing on the transac...