Ex-Barclays traders under investigation over Libor

Pointing Finger

The Serious Fraud Office (SFO) has charged three former Barclays employees in connection with its investigation into the manipulation of Libor.

BBC News reports that Peter Johnson, Jonathan Mathew and Stylianos Contogoulas allegedly conspired to defraud between 1 June 2005 and 31 August 2007, said the SFO.

The investigation into the alleged fixing of the key benchmark Libor rate was launched in 2012.

Barclays was fined £290m ($454m) in 2012 by British and US regulators.

Its previous fine was over the manipulation of Libor and Euribor interbank rates between 2005 and 2009.

Barclays chief executive Bob Diamond and chairman Marcus Agius resigned in 2012 after the scandal.

To access the complete BBC article hit the link below:

Former Barclays employees named in Libor criminal case

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