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)

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