SFO - Serious Fraud Office

LIBOR: Criminal offences are capable of covering conduct

30 July 2012

Further to our announcement on 2 July 2012, the Director of the Serious Fraud Office, David Green QC, is satisfied that existing criminal offences are capable of covering conduct in relation to the alleged manipulation of LIBOR and related interest rates. The investigation, announced on 6 July, involves a number of financial institutions.

 

Notes for editors:

  1. The press release of 2 July 2012 announced that the SFO is considering whether it is both appropriate and possible to bring criminal prosecutions and that it expected to come to a conclusion within a month: /press-room/latest-press-releases/press-releases-2012/libor--update.aspx
  2. The press release of 6 July 2012 announced the Director's decision to formally accept the Libor matter for investigation: /press-room/latest-press-releases/press-releases-2012/libor-sfo-to-investigate.aspx
  3. The Serious Fraud Office is a government department responsible for investigating and prosecuting serious and complex fraud. The SFO is headed by the Director (David Green QC) who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act (1987).

 

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