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EURIBOR

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).

Page published on 30 Nov 2015 | Page modified on 11 Aug 2016