Regulation  

Charges brought against ex-Barclays staff in Libor probe

The Serious Fraud Office has brought criminal proceedings against three former employees at Barclays Bank in connection with the London Interbank Offered rate.

It is alleged that Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas conspired to defraud between 1 June 2005 and 31 August 2007.

These criminal proceedings have commenced today (17 February) by requisition, with the first appearance at Westminster Magistrates’ Court yet to be announced.

Article continues after advert

In July 2012, the SFO announced that it had accepted the Libor case for investigation. The SFO brought Libor related charges against Tom Hayes in June 2013 and against two former RP Martin Holdings Limited brokers Terry Farr and James Gilmour in July 2013.

In October, FTAdviser sister publication Financial Adviser reported that another 22 people are potentially due to be investigated by the SFO as part of the cross-Atlantic investigation into Libor fixing, a court has heard.

The SFO said it continues to work collaboratively with the UK Financial Conduct Authority and the United States Department of Justice on their respective ongoing investigations.

The Libor investigation continues.