To make this site simpler, we place small data files on your computer known as cookies. Most of our cookies are strictly necessary in order for the website to function correctly and these cookies do not store any of your personal data.

We also allow you to choose whether to allow Google Analytics cookies or not. Google Analytics cookies improve our understanding of how you use the website so we can make sure it meets your needs. If you should choose to accept the Google Analytics cookie, we will still anonymise all data collected.

Click here to find out more on the SFO's privacy policy and use of cookies.

Save and Close
Analytics Cookies

Additional charges in LIBOR investigation

28 Ebrill, 2014 | Eitemau newyddion

Today the Serious Fraud Office issued criminal proceedings against Jay Vijay Merchant, Alex Julian Pabon and Ryan Michael Reich, all former employees at Barclays Bank Plc., for conspiracy to defraud in connection with its investigation into the manipulation of LIBOR.

The investigation continues.
Notes for editors:

  1. On 6 July 2012 the Serious Fraud Office announced that it had decided to accept the LIBOR matter for investigation.
  2.  The Serious Fraud Office is a government department responsible for investigating and prosecuting serious and complex fraud and corruption.  It 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.
  3. The first appearance will take place at Westminster Magistrates Court in a few weeks’ time.
  4. The SFO brought charges regarding LIBOR against Tom Hayes on 18 June 2013; Terry Farr and James Gilmour in July 2013; Peter Johnson, Jonathan Mathew and Stylianos Contogoulas in February 2014; and Danny Wilkinson, Darrell Read and Colin Goodman in April 2014.
  5. The Serious Fraud Office continues to work with the UK Financial Conduct Authority and the United States Department of Justice in furtherance of its on-going LIBOR investigations.
  6. The strict liability rule in the Contempt of Court Act 1981 applies.