Ex-UBS trader asks for dismissal of Libor case

Old courtroom sketch

A Manhattan federal judge on Tuesday questioned why a former UBS trader's bid to dismiss a criminal case accusing him of scheming to manipulate the Libor rate should even be considered when the U.S. government calls him a fugitive.

Reuters reports that lawyers for Roger Darin, a Swiss citizen, had asked U.S. District Judge Paul Crotty to overturn a federal magistrate's decision in March that rejected an earlier bid to dismiss the Justice Department's complaint.

Crotty asked why Darin's arguments should be given any weight since he has never appeared in court to face the charges and has remained in Switzerland to avoid arrest.

'He wants to make all of these arguments long distance', Crotty said.

To access the complete Reuters article hit the link below:

Ex-UBS trader asks U.S. judge to dismiss Libor scheme case

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