Tuesday 7 October 2014

British City banker pleads guilty to fraud securing first conviction in investigation

A senior banker at a British bank has pleaded guilty to charges over the rigging of the Libor interbank lending rate.

The unnamed banker who is currently on bail pleaded guilty to one count of conspiracy to defraud as part of the Serious Fraud Office's (SFO) investigation into alleged Libor rate manipulation.

http://avaaz_images.s3.amazonaws.com/2961_banker%20cuffs_1_460x230.png

A sentence will be handed down to the banker in due course after pleading guilty on Friday at Southwark Crown Court. The banker can not be named for legal reasons.  

http://www.cityam.com/1412675109/london-city-banker-pleads-guilty-libor-rate-manipulation


No comments:

Post a Comment