The UK’s Serious Fraud Office announced Friday it has begun criminal proceedings against three former ICAP brokers for their alleged roles in the global LIBOR scandal, say reports.
The brokers, which were once part of the world’s largest interdealer broker, are accused of manipulating the LIBOR benchmark rate. In a statement, the SFO said Darrell Paul Read, Daniel Martin Wilkinson and Colin John Goodman have been charged with conspiracy to defraud between August 8, 2006 and September 7, 2010.
The three are scheduled to appear in court on April 15. ICAP declined to comment on the matter.
The three individuals have also been charged by US prosecutors. In the UK, a total of nine people have been charged in the case.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI