SFO to charge 11 over rigging Euribor

Pointing The Finger

The Serious Fraud office said on Monday it would next month charge 11 individuals accused of rigging the Euribor interest benchmark with conspiracy to defraud.

Reuters reports that in the latest phase of a global investigation into allegations of manipulating benchmark interest rates, the 11 individuals, all former or current employees of Barclays and Deutsche Bank except one, will appear at Westminster Magistrates' court on January 11, the SFO said in a statement.

The SFO named 10 of the individuals last month. On Monday it added the name of Stephane Esper, a former employee of Societe Generale.

The 10 men and one woman will face the first criminal proceedings for alleged manipulation of the Euribor benchmark.

To access the complete Reuters article hit the link below:

Serious Fraud Office to charge 11 over Euribor-rigging

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