Thursday, April 24, 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

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