Bankers accused in Libor case may have to wait two years

Gavel

Six bankers accusing of manipulating the Libor interest rate may have be forced to wait another two years to discover their fate.

The London Evening Standard reports that Barclays were fined after six of their bankers allegedly attempted to manipulate the rate.

Peter Johnson, Stylianos Contogoulas, Jonathan Mathew, Alex Pabon, Jay Merchant and Ryan Reich were all at Southwark Crown Court on Monday for a court hearing to discuss a trial date.

They have been charged with conspiracy to defraud by trying to influence Libor, after an investigation by the Serious Fraud Office (SFO). The sextet are yet to enter their pleas.

To access the complete London Evening Standard article hit the link below:

Libor accused face two-year wait for verdict as fraud squad's trial to begin

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