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Libor Manipulation Scandal: Britain's Serious Fraud Office Arrests 3 In Interest

Three men were arrested is the * shooting to London police station * interview continued through the hill's silk LeiDeLi and matt Scuffham London December 11 (Reuters) - Britain serious fraud office (SFO) and London police have achieved the first arrested as a global survey of part in interbank lending rates, a scandal, rocked the banking. Manipulation of the securities and futures ordinance (Tuesday), and 9 and 47 years old British man, in the morning to London after the police interviewed three attribute search. The securities and futures ordinance spokesman said, interview continues. "All men are British citizens, now living in England," securities and futures ordinance "in a brief statement, prosecutors and regulators in Europe, the United States, Canada, Japan has been in the survey dealer tried to drill the key benchmark lending rate, such as London interbank lending interest rates (London interbank loan interest rate) in October 2008, the commodity futures trading commission launched an industry-wide probe. There are dozens of people were laid off the bank, and is under investigation probe for reference, such as London interbank Banks, this support about $550 trillion dollars in loans and financial contract. Familiar with the investigation of the sources said in July, regulators and prosecutors American countries and the European was shut down individual traders and and arrested is expected shortly. In the first solve and British and American regulators, barclays agreed to in June to collect $$4.5 million fine and punishment, in order to solve the accused of regulators and procuratorial organs, its some staff trying to control the key interest rates from 2005 through 2009. This is also accused of low, into the ball in the 2007/08 fiscal year rate of the credit crunch. Financial settlement, the short term is expected to Banks, such as the Swiss bank and British royal bank of Scotland, although around ten Banks is under investigation. Be arrested, barclays bank, Switzerland bank and royal bank of Scotland spokesman declined to comment on the report.




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