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Three arrested over Libor fixing
by Michelle Abrego on Dec 11, 2012 at 11:44
Three men have been arrested in connection with the investigation into the manipulation of Libor.
The Serious Fraud Office (SFO) with the assistance of the City of London Police has executed search warrants at three residential premises in Surrey and Essex.
Three men, aged 33, 41 and 47, have been arrested and taken to a London police station for interview in connection with the investigation into the manipulation of Libor.
The men are all British nationals currently living in the United Kingdom.
In July, Barclays was fined £290 million by the Financial Services Authority’s (FSA) and US regulators over its role in the Libor manipulation scandal
In September FSA managing director Martin Wheatley said that Libor rigging should be made a criminal offence.
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