Barclays subpoenaed by U.S. Virgin Islands over connections to late sex criminal Jeffrey Epstein

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  • The US Virgin Islands granted a subpoena in February to Barclays in the US for a wealth of documents related to deceased sex offender Jeffrey Epstein, CNBC confirmed.
  • The bank said the US territory is in the process of issuing a similar one to the bank in the United Kingdom.
  • The approval came four days after the British bank announced its CEO, Jess Staley, would be leaving after an investigation into its ties with Epstein.

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The US Virgin Islands granted a subpoena to Barclays in the US for a wealth of documents belonging to deceased sex offender Jeffrey Epstein, and it is set to issue a similar one in the United Kingdom, CNBC confirmed on Friday.

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News of the summons came four days after Barclays announced that its CEO Jess Staley would step down following an investigation into his relationship with Epstein.

A Barclays spokesperson confirmed that the British bank had been served a subpoena in the US and is expected to receive one in the UK, but did not say whether they were related to Epstein.

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Barclays was served in February on behalf of the US Territory Attorney General in New York, who previously accused Epstein’s estate of sexually abusing women and young girls on his private islands by the late investor.

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A spokesperson for the bank told CNBC: “Barclays has already provided its response to this summons and has complied with its obligations.”

Virgin Islands “is now in the process of serving a similar subpoena on Barclays in the UK and Barclays will respond to that subpoena once it is served,” the spokesperson said.

A spokesman for the U.S. Attorney’s Office for the District of Virgin Islands did not immediately respond to CNBC’s request for comment on the summons.

The Virgin Islands’ first summons to Barclays sought a number of materials relating to accounts linked to Epstein, including transactions and investments, CNBC learned.

That subpoena also requested communications between Epstein and Staley, who agreed to step down from his role at Barclays after the company reviewed preliminary findings from an investigation into his relationship with the deceased sex offender.

Barclays is understood to have responded to that summons and provided the documents in April.

CS Venkatakrishnan, popularly known as Venkat, on Monday replaced Staley as the chief executive officer of Barclays, The bank said in a statement.

The bank statement said an investigation by the UK’s Financial Conduct Authority and the Prudential Regulation Authority did not find that Staley was aware of any alleged crimes committed by Epstein.

Epstein was arrested in July 2019 on charges of child sex trafficking, but hanged himself in Manhattan Federal Prison a month later.

A former friend of former President Donald Trump and Bill Clinton, Epstein’s long list of rich and powerful contacts has forced some of the world’s high-profile elites to explain their relationship with them.

For example, Microsoft founder and billionaire philanthropist Bill Gates expressed regret for the many meetings he had with Epstein.

One of Epstein’s many alleged victims, Virginia Giuffre, has accused Britain’s Prince Andrew of having sex with her when she was young after being recruited by Epstein and his ex-girlfriend Ghislaine Maxwell. Rajkumar has denied the allegations.

Maxwell, a British socialite, is awaiting trial for Epstein for allegedly buying up young girls. He has pleaded not guilty; His trial is scheduled to begin on November 29.

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