City A.M.
Tuesday 31st July 2012, 2:08am
JAMES WATERSON
CRIMINAL charges can be brought against those responsible for manipulating interbank lending rates, the UK’s fraud squad confirmed yesterday, paving the way for prosecutions of individual bankers over the Libor-rigging scandal.
The Serious Fraud Office (SFO) said that as part of an ongoing investigation into the scandal, it had now concluded that “existing criminal offences are capable of covering conduct in relation to the alleged manipulation of Libor and related interest rates”.
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