The SFO confirmed today that the Director has opened a criminal investigation into accounting practices at Tesco plc. Notes to Editors: As our investigation is underway we cannot provide further details at this time.
Today the Serious Fraud Office has issued criminal proceedings against Noel Cryan, a former employee at Tullett Prebon Group Ltd, in connection with the manipulation of LIBOR. It is alleged he conspired to defraud between 1 February 2009 and 3 December 2009.
A senior banker from a leading British bank pleaded guilty at Southwark Crown Court on 3 October 2014 to conspiracy to defraud in connection with manipulating LIBOR. This arises out of the Serious Fraud Office investigations into LIBOR manipulation.