UK:
UK's Serious Fraud Office Issues Criminal Proceedings For Manipulation Of Euro Interbank Offered Rate
02 December 2015
Shearman & Sterling LLP
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On November 13, 2015, the Serious Fraud Office issued criminal
proceedings against six Deutsche Bank and four Barclays Bank
employees for conspiracy to defraud by manipulating the Euro
Interbank Offered Rate, known as EURIBOR. These are the first
criminal proceedings issued in connection with the SFO's
investigation into the manipulation of EURIBOR. The defendants are
expected to appear in court on January 11, 2016.
The press release is available at:
http://www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2015/sfo-charges-first-individuals-with-euribor-manipulation.aspx.
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