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 SFO today offered no evidence against Olympus Corporation and Gyrus Group Ltd, which had been charged with offences of making misleading statements to auditors. This decision follows consideration of a Court of Appeal judgment in the case handed down in December 2014, which ruled that English law does not criminalise the misleading of auditors by the company under audit.
An individual charged in connection with an ongoing SFO bribery and corruption investigation appeared before Southwark Crown Court today. Richard Kingston, 53, from South Wales, has been charged with two offences of concealing, destroying or otherwise disposing of documents, knowing or suspecting they are relevant to a SFO investigation, contrary to Section 2(16) of the Criminal Justice Act 1987.