City financier Amanda Staveley who is suing Barclays for up to £830m gave evidence that was 'plainly dishonest' and 'peppered with hyperbole', lawyer for bank tells High Court
A businesswoman suing Barclays for hundreds of millions of pounds gave evidence which in some respects was 'plainly dishonest' at a trial, a lawyer for the bank told a High Court judge. Amanda Staveley claims Barclays agreed to provide an unsecured £2 billion loan to Qatari investors - but says the loan was 'concealed' from the market, shareholders and PCP Capital Partners, a private equity firm she runs. She says PCP was induced to invest on 'manifestly worse terms' than Qatari Investors and but for Barclays' 'false representations' would have subscribed on 'vastly better terms'. Jeffery Onions QC told Mr Justice Waksman that during Ms Staveley's High Court questioning over the matter earlier in the year, she had a 'tendency to exaggerate'. He said her evidence had been 'peppered with hyperbole' and argued that the claim should be dismissed. Amanda Staveley's firm PCP has reduced its damages claim against Barclays f