Two former brokers were today charged with conspiracy to defraud in connection with the rigging of the interbank lending rate Libor.
The Serious Fraud Office said Terry John Farr, 41, and James Andrew Gilmour, 48, former brokers at RP Martin Holdings, were charged by City of London Police with counts of conspiracy to defraud.
The men were arrested in December after the SFO opened its investigation into Libor manipulation in July in the wake of Barclays' £290million fine by US and UK regulators for rigging the key lending rate which affects mortgages and loans.
