It is alleged they conspired to defraud between 1 June 2005 and 31 August 2007.
The LIBOR investigation continues.
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Background:
- On 6 July 2012 the SFO announced that it had decided to accept the LIBOR case for investigation.
- These criminal proceedings have commenced today by requisition, with the first appearance at Westminster Magistrates’ Court on a date to be notified.
- The SFO brought LIBOR related charges against Tom Hayes in June 2013 and against Terry Farr and James Gilmour in July 2013.
- The SFO continues to work collaboratively with the UK Financial Conduct Authority and the United States Department of Justice on their respective ongoing investigations.
- The SFO is an independent government department responsible for investigating and prosecuting serious and complex fraud, bribery and corruption. It 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.
- The strict liability rule in the Contempt of Court Act 1981 applies to these proceedings.
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