The SFO has issued criminal proceedings against 11 individuals accused of manipulating the Euro Interbank Offered Rate (EURIBOR). The following individuals made their first appearance at Westminster Magistrates’ Court on 11 January 2016, where they were charged with conspiracy to defraud:
Deutsche Bank Employees:
- Christian Bittar
- Achim Kramer
Barclays Bank Employees:
- Colin Bermingham
- Carlo Palombo
- Philippe Moryoussef
- Sisse Bohart
The following individuals declined to appear at the hearing: Deutsche Bank Employees:
- Andreas Hauschild
- Joerg Vogt
- Ardalan Gharagozlou
- Kai-Uwe Kappauf
Societe Generale Employee:
- Stephane Esper
The SFO secured European Arrest Warrants against these five individuals at a hearing at Westminster Magistrates’ Court on February 2016. The warrants are in the process of being enforced.
The investigation into EURIBOR, which continues, was instigated as a result of the SFO’s broader investigation of the manipulation of the London Interbank Offered Rate (LIBOR).
Ex-Deutsche Bank trader pleads guilty over EURIBOR manipulation
Christian Bittar, an ex-Deutsche Bank trader, pleaded guilty to conspiracy to defraud in connection with the SFO’s investigation into the manipulation of the Euro Interbank Offered Rate, 2 March 2018.
A court order restricting reporting of the plea was lifted on 6 March 2018.
Page published on 30 Nov 2015 | Page modified on 15 Mar 2018