Libor Complaint Prompts Paris Prosecutors to Open Inquiry [1]

Bloomberg Businessweek - Heather Smith, 10/29/12

Paris prosecutors opened a preliminary inquiry over manipulation of the London interbank offered rates, or Libor, after a complaint by a Societe Generale SA (GLE) shareholder.

The July complaint, which didn’t name a target, claims that lenders engaged in market manipulation related to Libor, among other allegations, Frederik Karel Canoy, the investor’s lawyer, said today.

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