Thursday, April 17, 2014   

Three bankers of Britain’s Barclays charged with Libor interest rates fraud
(02-17 20:13)

Three former employees of British bank Barclays have been charged in connection with the Libor interest rate-rigging fraud, the UK’s Serious Fraud Office said today.
The SFO said it had launched criminal proceedings “in connection with the manipulation of Libor,’’ while the three are alleged to have “conspired to defraud between 1 June 2005 and 31 August 2007.’’
The SFO named the Barclays Bank employees as Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas.
It is alleged they conspired to defraud between 1 June 2005 and 31 August 2007.
The LIBOR investigation continues, a statement said.
The British bank forked out US$450 million in 2012 over Libor rates rigging allegations.—AFP/The Standard


   
Other Business breaking news:
Flat open for European markets (34 mins ago)
Nikkei gives up early gains (39 mins ago)
China eases with reserve cut for rural banks: report (40 mins ago)
Hang Seng inches up at mid-day (04-17 12:13)
Sony's PlayStation 4 sales top 7 million (04-17 12:06)
Weibo IPO priced at lower end: report (04-17 11:34)
Nikkei down by break (04-17 11:16)
Exports boost Italy's trade surplus (04-16 18:42)
Bitcoin exchange MtGox placed in administration (04-16 18:17)
Singapore institutional investors show interest in RQFII (04-16 18:14)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.