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
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