Two former Barclays’ employees have signed deals with the US Department of Justice (DoJ) as part of its probe into alleged Libor manipulation, the Financial Times has reported.
Ex-employee in the Barclays’ London office, Jonathan Mathew and a former US-based derivatives trader for Barclays have signed non-prosecution agreements or NPAs with the DoJ in 2012.
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The agreement not only highlights the global nature of the probe but also raises questions about how authorities on either side of the Atlantic are co-operating.
Under an NPA, a person who agrees to co-operate and potentially provide testimony avoids any criminal charge.
Mathew had been a person of interest to the SFO in its probe and has not been arrested of wrongdoing by the authorities in either country.
The DoJ has also signed tolling agreements with several former Barclays individuals to prolong the statute of limitations for potential charges, which indicates the DoJ is investigating individuals in Libor probe and charges against some former Barclays traders could come before the end of the year.
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By GlobalDataDavid Green, the SFO’s director, has said that he hopes to bring charges against more individuals as part of the agency’s Libor probe by October.
