Britain’s Serious Fraud Office (SFO) is poised to file more criminal charges in connection with its investigation into alleged rigging of benchmark interest rates after sealing the world’s first Libor conviction in a jury trial on Monday.
“I have said further charges are likely … in the autumn. Our Libor investigation is far-reaching and quite wide … We haven’t finished yet,” SFO director David Green told Reuters in an interview on Tuesday.
Green has staked his reputation on a successful prosecution in the investigation into the suspected manipulation of the London interbank offered rate, a global benchmark for $450 trillion (£288 trillion) of financial contracts.
The original article can be found at uk.reuters.com