Euribor trial date has just been set

Gavel Jason Morrison

The jury trial date for six people alleged of playing a role in the manipulation of the Euro Interbank Offered Rate (Euribor) has today been set to begin on 4 September 2017.

Former Deutsche Bank employee Christian Bittar and Achim Kraemer, who is still at that bank, alongside ex-Barclays staff members Colin Bermingham, Carlo Palombo, Philippe Moryoussef and Sisse Bohart have been charged with conspiracy to defraud, which carries a maximum sentence of 10 years, and appeared at a hearing in Southwark Crown Court today.

The six also appeared before Westminster Magistrates' Court on Monday. At that hearing, the Serious Fraud Office (SFO) had intended to charge 11 people in total, but five of them did not show up.

The five who did not appear on Monday are Andreas Hauschild, Joerg Vogt, Ardalan Gharagozlou and Kai-Uwe Kappauf, who all worked at Deutsche Bank, and Stephane Esper, who worked at Societe Generale.

According to Reuters, the SFO has said that the foreign suspects had the right to refuse the initial summons to appear and that it is considering how to proceed the case against those who did not appear.

Full story: Euribor trial date has just been set: City A.M.

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