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Brokers charged in LIBOR investigation

15 July 2013

Terry Farr and James Gilmour, former brokers at RP Martin Holdings Limited, have today been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of LIBOR.

Terry John Farr (41 years) and James Andrew Gilmour (48 years), of Essex were arrested on 11 December 2012 (along with Tom Hayes) by officers from the SFO and City of London Police.  They attended Bishopsgate police station this morning where they were each charged by City of London Police, James Gilmour with one count of conspiracy to defraud, and two counts of the same offence for Terry Farr.  They will appear before Westminster Magistrates Court at a later date.

The SFO's investigation into the manipulation of LIBOR continues.

Notes for editors:

  1. On 6 July 2012 the SFO announced that it had decided to accept the LIBOR matter for investigation.
  2. On 11 December 2012 three residential premises were searched and the three men were arrested, interviewed and released on police bail.
  3. On 18 June 2013, Tom Hayes was charged by the SFO with offences of conspiracy to defraud.
  4.  The strict liability rule in the Contempt of Court Act 1981 applies.
  5. The Serious Fraud Office is a government department responsible for investigating and prosecuting serious and complex fraud and corruption.  It is headed by the Director, David Green QC, who exercises powers under the superintendence of the Attorney General.  These powers are derived from the Criminal Justice Act 1987.

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