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FOI 2020-009 – Total costs of the Libor investigation

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Date Answered: 1 Ionawr 2020

This request asked:

The total costs of the UK Serious Fraud Office’s investigation into Libor manipulation.

Our response:

The below table provides a breakdown of the total costs of the Serious Fraud Office’s investigation by financial year:

Libor (including Euribor) case costs from July 2012 to December 2019

Year

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

Total

Total expenditure (in £)

1,913,822

5,412,709

6,401,516

6,421,227

6,417,813

5,501,411

2,810,421

1,122,209

36,001,128

Please note, the figures provided are the costs for the entirety of the Libor investigation, and therefore incorporates the costs of individual strands, including Euribor.

Additionally, please note some costs were paid back by convicted defendants and, where appropriate, confiscation orders under the Proceeds of Crime Act 2002 were handed down, as ordered by the courts.  The figures above do not reflect this.