On 28 March 2014, the UK's Serious Fraud Office (the "SFO") announced that criminal proceedings had been brought against three former employees of ICAP plc for alleged manipulation of LIBOR. The SFO has brought charges against nine people relating to the manipulation of LIBOR during the course of its investigation.
The press release is available at: http://www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2014/libor-three-former-icap-brokers-to-be-charged-.aspx.
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