Ex-Citi trader says he'll expose truth at unfair dismissal trial

Citi Building Sign

A former Citigroup currency trader let go amid a global probe into foreign-exchange rate rigging said on the first day of his unfair dismissal trial that he would expose the 'truth' about the bank’s conduct.

Bloomberg News reports that Perry Stimpson told a London court that the 'information sharing' that resulted in his dismissal was widespread across the bank’s trading desk.

He also said that senior management was aware of the conduct and is now being protected by the bank.

'I’m not here to mudsling, I’m here so the truth about foreign exchange at Citi is heard once and for all', Stimpson said. 'Senior management responsible for a lack of control were afforded anonymity. I see that as being unfair'.

To access the complete Bloomberg News article hit the link below:

Ex-Citigroup Trader Says Currency Exchange Truth to Be Heard

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