Saturday, October 19, 2019

Andy Verity - Libor rigging inquiry shut down by Serious Fraud Office

All decided behind closed doors, it seems.

An investigation into the rigging of Libor, the benchmark interest rate that tracks the cost of borrowing cash, has been unexpectedly closed.
The decision comes despite evidence that implicates the Bank of England.
It means no one will now be prosecuted in the UK for so-called "low-balling", where banks understate interest rates they pay to borrow cash.
The Serious Fraud Office (SFO) said its decision followed a detailed review of the evidence.

The BBC

1 comment:

Ryan Harris said...

Finally justice instead of a political witch hunt. These hysterias are just another Enron injustice