17/02/2014

Ex Barclays Staff Charged In Libor Criminal Case

The Serious Fraud Office (SFO) has charged three former Barclays employees in connection with its investigation into the manipulation of Libor.

The SFO said that Peter Johnson, Jonathan Mathew and Stylianos Contogoulas intentionally defrauded between 1 June 2005 and 31 August 2007 by fixing of the key benchmark Libor.

The Bank was penalize with £290m charge in 2012 over the manipulation of interbank interest rates.

The three former workers are due to appear at London's Westminster Magistrates' Court on a date to be announced, but the SFO investigation is continuing.

The inquiry which was launched in conjunction with City watchdog the Financial Conduct Authority and the United States Department of Justice.

(CVS/MH)

Related UK National News Stories
Click here for the latest headlines.

29 May 2015
23 Charged With Drug Offences Following Raids
More than 20 people have been charged with drug offences following a number of raids carried out in London, Gravesend, Dover and Deal. A total of 23 people were arrested during twenty raids carried out over three days. The suspects, ranging in age from 17 to 52, have all been charged in connection with the supply of class A drugs.
19 January 2015
Mobile Customers To Share £1m Refund
Mobile provide EE is to refund around £1m to a number of customers wrongly charged VAT between October 2012 and October 2014. It is understood that EE customers who travelled outside the EU during those dates and used internet data were affected by the charges. The company estimated it as being about 0.5% of its customers.
08 April 2014
Shrien Dewani Extradited To South Africa
British man Shrien Dewani, 34, suspected of arranging the murder of his 28-year-old wife on their honeymoon has arrived in South Africa to face trial after a three-year legal battle against extradition due to his mental health problems.
30 July 2008
Lords Rule Fraud Office 'Acted Lawfully' On BAE Deal
The House of Lords has ruled that the Serious Fraud Office (SFO) acted lawfully when it halted a corruption enquiry into arms deals with Saudi Arabia. The decision overturns an earlier verdict when the court criticised the British and Saudi governments in April saying that the SFO acted unlawfully.
28 January 2009
Six Held Over '£426m UK Stock Market Fraud'
Six people have been arrested by Spanish police in relation to an alleged $600 million (£426m) pound fraud on the London stock market. Five Spaniards and one Argentinian were held in Spain as part of a Serious Fraud Office (SFO) investigation into an AIM-listed company called Langbar, which began in 2005.