Former Deutsche Bank trader Andreas Hauschild has been arrested in Italy and may be extradited to the U.K. to face charges that he helped rig a key interest rate benchmark, the U.K.’s Serious Fraud Office said.
Bloomberg News reports that he’s being held after a trip to the country activated a European arrest warrant issued by the SFO. He was charged in the U.K. in 2015 with 10 other traders from around the world, but escaped trial in the U.K. because Germany rejected an extradition request.
“We confirm Andreas Hauschild was arrested on a European arrest warrant last month in Italy. An extradition hearing is due to take place in Milan next month,” a spokeswoman for the SFO said Friday.
Hauschild’s German defense attorney, Eren Basar, is out and will return Monday, his law office said.
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