Trader said he made mistakes

Gavel

Tom Hayes, a former trader on trial on Libor manipulation charges, told a London court on Wednesday he had made mistakes and 'educated guesses' during interviews with investigators while he was cooperating with Britain's Serious Fraud Office (SFO) in 2013.

Reuters reports that the 35-year-old former yen derivatives trader told the court it was wrong to assume he had been qualified to answer some of the questions he had responded to after his arrest in England in December 2012.

'What I said in 2013 relating to events in 2006 - there were so many mistakes', he told the prosecution, led by senior counsel Mukul Chawla. He also said that his memory of events such a long time ago was often hazy. 'You're treating me as if I know everything about everything and I don't', he told the court.

To access the complete Reuters article hit the link below:

Ex-Libor trader says made mistakes in interviews with investigators

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