UK Serious Fraud Office Charges Another 11 Individuals With Manipulating Euro Interbank Offered Rate (EURIBOR)

The SFO has issued criminal proceedings against 11 individuals accused of manipulating the Euro Interbank Offered Rate (EURIBOR).

The following individuals will make their first appearance at Westminster Magistrates' Court on 11 January 2016, where they will be charged with conspiracy to defraud:

Deutsche Bank Employees:

Christian Bittar
Achim Kraemer
Andreas Hauschild
Joerg Vogt
Ardalan Gharagozlou
Kai-Uwe Kappauf

Barclays Bank Employees:

Colin Bermingham
Carlo Palombo
Philippe Moryoussef
Sisse Bohart

Societe Generale Employee:

Stephane Esper

Criminal proceedings will be issued against other individuals in due course.

The investigation into EURIBOR, which continues, was instigated as a result of the SFO's broader investigation of the manipulation of the London Interbank Offered Rate (LIBOR).