Criminal charges continue in SFO Libor investigation

Two former brokers at RP Martin Holdings Limited have today been charged with offences of conspiracy to defraud in connection with the Serious Fraud Office’s investigation of the London inter-bank offered rate.

Terry Farr (41 years old) and James Gilmour (48 years old), of Essex were arrested on 11 December 2012, along with Tom Hayes, a former trader for UBS and Citigroup, by officers from the SFO and City of London Police.

They attended Bishopsgate police station this morning (15 July) where Mr Gilmour was charged with one count of conspiracy to defraud, and Mr Farr was charged with two counts of the same offence by City of London Police. They will appear before Westminster Magistrates’ Court at a later date.

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On 18 June Mr Hayes was charged by the SFO with offences of conspiracy to defraud.

The SFO confirmed to FTAdviser that it may pursue criminal charges in relation to its Libor investigation in the summer of last year.

In February 2013, the SFO was given an additional £10.5m to fund the investigation.

The SFO confirmed its investigation into Libor manipulation was continuing.