UK anti-fraud agency arrests three in Libor probe
World BusinessDec 11, 2012
Britain’s Serious Fraud Office has made the first arrests as part of a global investigation into the manipulation of interbank lending rates.The SFO said on Tuesday three British men, aged 33, 41 and 47, had been taken to a London police station for interviews. They had all been living in Britain.Sources had said that regulators and prosecutors in the U.S. and Europe were closing in on individual traders they suspected of colluding to rig key benchmark lending rates such as Libor (London interba