SFO issued the first criminal proceedings against Deutsche Bank and Barclays staff
The Serious Fraud Office today issued the first criminal proceedings against 10 individuals accused of manipulating the Euro Interbank Offered Rate (EURIBOR).
The following individuals will be charged with conspiracy to defraud in connection with the SFO’s ongoing investigation into the manipulation of EURIBOR:
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
Criminal proceedings will be issued against other individuals in due course.
The defendants will make their first appearance at Westminster Magistrates’ Court on 11 January 2016. The investigation continues.
Source: Serious Fraud Office (SFO)
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