Telegraph - Another trader seeks jail term review


A second former Barclays banker convicted of Libor-rigging offences is preparing to submit his case to an independent body that reviews alleged miscarriages of justice.

The Telelgraph reports that The Criminal Cases Review Commission (CCRC) has already accepted an application from the jailed UBS trader Tom Hayes and is considering another from Jonathan Mathew, a former Barclays banker jailed in July last year.

Now laywers for Jay Merchant, a 46-year old former colleague convicted alongside Mr Mathew, have told The Daily Telegraph they will also attempt to overturn his conviction via the CCRC.

The organisation is seen as a last resort following an unsuccessful appeal.

Earlier this year it accepted the case of Hayes, a former UBS and Citigroup trader who became the first person in Britain jailed over Libor-rigging. He is currently serving an 11-year jail sentence.

Hit the link below to access the complete Telegraph article:

Third Libor trader prepares submission for jail term to be reviewed

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