TruthOut10
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- Dec 3, 2012
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LONDONBritain's Serious Fraud Office says three people have been arrested as part of an investigation of the manipulation of a key market interest rate.
The three menaged 33, 41 and 47were not named. The office said Tuesday all are British nationals.
The fraud office opened its investigation in July after Barclays was fined $435 million by American and British agencies for creating false reports on its borrowing costs between 2005 and 2009, specifically related to the London interbank offered rate, or LIBOR.
UK fraud office arrests 3 in LIBOR rate probe - San Jose Mercury News
The three menaged 33, 41 and 47were not named. The office said Tuesday all are British nationals.
The fraud office opened its investigation in July after Barclays was fined $435 million by American and British agencies for creating false reports on its borrowing costs between 2005 and 2009, specifically related to the London interbank offered rate, or LIBOR.
UK fraud office arrests 3 in LIBOR rate probe - San Jose Mercury News