BREAKING: 3 ARRESTS - Manipulation of the Libor inter-bank lending rate. THE BANKERS ARE GOING DOWN

[link to www.bbc.co.uk]

Libor probe sees three men arrested

Three men have been arrested in connection with continuing investigations into the manipulation of the Libor inter-bank lending rate.

The three men - aged 33, 41 and 47 - have been taken to a London police station for interview.

The Serious Fraud Office has issued search warrants for three properties in the South East of England - one in Surrey and two in Essex.

All three men are British nationals living in the UK, a statement said.


PRESS RELEASE

[link to www.sfo.gov.uk]

LIBOR: Three arrested

11 December 2012

Today the Serious Fraud Office, with the assistance of the City of London Police, executed search warrants at three residential premises in Surrey (1) and Essex (2). Three men, aged 33, 41 and 47, have been arrested and taken to a London police station for interview in connection with the investigation into the manipulation of LIBOR. The men are all British nationals currently living in the United Kingdom.

Notes for editors:

The Serious Fraud Office is a government department responsible for investigating and prosecuting serious and complex fraud and corruption. The SFO is headed by the Director (David Green CB QC) who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act (1987).

Last Edited by The Scientist on 12/11/2012 07:25 AM