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UK Serious Fraud Office investigating the rigging of the Libor rate

Monday, July 9th 2012 - 06:13 UTC
Full article 13 comments

The United Kingdom Serious Fraud Office (SFO) has confirmed that it has formally launched an investigation into the rigging of inter-bank lending rates. The case could lead to criminal charges being brought against individuals. Read full article


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  • Teaboy2

    Before the argies come in here saying the “UK is curropt, the UK is finnish” - I'd just like to point out that this has nothing to fo with the UK Government or the State, it was the Banks that manipulated the rates to make a financial gain from it. They got caught and the traders involved now face criminal charges, which i doubt would be the case in argentina, just look at your own vice president as hes a perfect example of curroption!

    Jul 09th, 2012 - 09:20 am - Link - Report abuse 0
  • Guzz

    Sure :)

    Jul 09th, 2012 - 09:34 am - Link - Report abuse 0
  • Islander1

    BIG BIG difference is that when you are suspected or caught out fiddling in UK and US you get the chop and/or prosecuted!
    That tends to NOT happen in Argentina!

    Jul 09th, 2012 - 11:19 am - Link - Report abuse 0
  • briton

    More exposure shows the level of success against this kind of activity,

    Rather than a third world country, who thinks corruption is part of life,

    But one must note here, that MPs should not gloat to much, seeing as they too, were caught out on fiddling there expenses,
    And also remember, that their greed produces massive losses to the country,
    Whereas the banks in contrast, served up over 13 billion in taxes,
    Just a thought.


    Jul 09th, 2012 - 02:19 pm - Link - Report abuse 0
  • Conqueror

    What happened to that legal investigation into how CFK came by all her money? And when is the investigation into how CFK “bumped off” dear sweet lovable Nestor going to start?

    Jul 09th, 2012 - 04:25 pm - Link - Report abuse 0
  • Guzz



    Talking about off topic :)

    Jul 09th, 2012 - 05:07 pm - Link - Report abuse 0
  • briton

    true , true ,

    Jul 09th, 2012 - 06:54 pm - Link - Report abuse 0
  • Truth_Telling_Troll

    @1 and 3

    Do you people actually believe the lies you are told? No wonder the powers that be piss on you without a second thought (like in this very case).

    Your governments MADE money surely off this, and now they are just slapping them in the wrist.

    How many people have been arrested in the US, UK, or EU since the financial crisis of 2008? Everyone knows HUNDREDS even THOUSANDS of people in financial institution commited fraud of all kinds, yet here were are 5 years later.

    Big difference between you and Argentina MY COOOO.

    Jul 09th, 2012 - 08:54 pm - Link - Report abuse 0
  • PirateLove

    well well, it makes one wonder what hidden banking practises go on in more corrupt countries, this is just the tip of a huge global banking iceberg, however most other countries will not pursue corruption claims , good to see the UK leading the way investigating the corruption these claims can any other country claim they actually would??? and before Argtards surface, they should know that EVERY country has corruption it just boils down to what countries are willing to investigate it. Clearly The Uk is !!!

    Jul 09th, 2012 - 09:28 pm - Link - Report abuse 0
  • briton

    Well to be fair,
    We are the closest thing to being a diamond,
    The hottest thing in the oven,
    The coldest thing in the freezer,
    But if the brits says it true,
    It just might be ??

    Jul 09th, 2012 - 10:48 pm - Link - Report abuse 0
  • Truth_Telling_Troll


    Nope. Just in your silly little imaginations. Move along now...

    Jul 10th, 2012 - 02:30 am - Link - Report abuse 0
  • Marcos Alejandro

    Corruption in UK? Pirates are wearing suits nowadays in London.

    Jul 10th, 2012 - 04:01 am - Link - Report abuse 0
  • briton

    Jealousy will get you nowhere boys .

    Jul 10th, 2012 - 09:15 pm - Link - Report abuse 0

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