Banker facing fraud charges steps down as Marie Curie chair

03 Jul 2017 News

John Varley, the former chief executive at Barclays who is facing fraud charges from his time at the bank, has stood down as chair of Marie Curie.

Varley was charged on 20 June with with conspiracy to commit fraud by false representation and unlawful financial assistance between May and November 2008. The charges relate to Barclays's activity during the 2008 banking crisis.

Varley stood down from his role at Marie Curie on 20 June, the day he was charged, according to records filed at the weekend with Companies House. He has also stepped down from a number of other directorships.

Marie Curie has not issued any statement explaining why Varley resigned. The charity’s website now lists David Ereira as its interim chair. 

Varley became the chair of Marie Curie in 2011. His most recent statement on behalf of the charity was to welcome new trustees this March. 

Varley was chief executive at Barclays from 2004 to 2011. He was one of four people charged following a five-year investigation the UK’s Serious Fraud Office into emergency cash injections which prevented Barclays from needing to be bailed out by the government.

All four men are due to appear in court for the first time today to discuss bail terms and future court dates. 
 

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