UK Authorities Investigating 22 In Libor Case

Law360, New York (October 21, 2013, 5:57 PM EDT) -- The U.K.'s Serious Fraud Office has notified 22 individuals they are being investigated as potential co-conspirators in a Libor rigging case, a London court was reportedly told during a criminal hearing Monday for former Citigroup Inc. and UBS AG trader Tom A.W. Hayes, who was the first to be charged in the alleged conspiracy.

The individuals were notified by the SFO that they were under investigation last week, prosecutors and lawyers for some of the potential co-conspirators told Judge Jeremy Cooke during Hayes' hearing, according to...
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