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LIBOR investigation: further charge

28 October, 2014 | News Releases

Today the Serious Fraud Office has issued criminal proceedings against Noel Cryan, a former employee at Tullett Prebon Group Ltd, in connection with the manipulation of LIBOR.

It is alleged he conspired to defraud between 1 February 2009 and 3 December 2009.

This brings to thirteen the number of people facing charges in respect of LIBOR.  The first criminal conviction in the UK, arising from the Serious Fraud Office’s LIBOR investigation, was entered on 3 October 2014.

The investigation continues.

Notes to editors:

  1. On 6 July 2012 the Serious Fraud Office announced that it had decided to accept the LIBOR matter for investigation.
  2. The Serious Fraud Office is an independent government department responsible for investigating and prosecuting serious and complex fraud and corruption. It is headed by the Director, David Green QC, who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act 1987.
  3. The SFO brought charges regarding LIBOR against against Terry Farr and James Gilmour in July 2013; against Peter Johnson, Jonathan Mathew and Stylianos Contogoulas in February 2014; against Darrell Read, Colin Goodman, and Danny Wilkinson, also in March 2014; and against Jay Vijay Merchant, Alex Julian Pabon and Ryan Michael Reich, in April 2014