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Ex-Deutsche Bank trader pleads guilty over EURIBOR manipulation

15 March, 2018 | Case Updates

Christian Bittar, an ex-Deutsche Bank trader, pleaded guilty to conspiracy to defraud in connection with the SFO’s investigation into the manipulation of the Euro Interbank Offered Rate.

A court order restricting reporting of the plea was lifted today.

The trial of the remaining defendants – Achim Kraemer, Colin Bermingham, Carlo Palombo, Philippe Moryoussef and Sisse Bohart – is scheduled to begin at Southwark Crown Court on 9 April.

Notes to editors:

  1. The Serious Fraud Office announced that it had decided to accept allegations of the manipulation of LIBOR and EURIBOR for investigation on 6 July 2012.
  2. Christian Bittar pleaded guilty on Friday, 2 March 2018.
  3. The strict liability rule under the Contempt of Court Act 1981 applies to the upcoming trial of remaining defendants and editors are reminded of a particular need for care in reporting Mr. Bittar’s plea.