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SFO: Ex-Deutsche Bank trader pleads guilty over EURIBOR manipulation

Jaclyn Jaeger | March 20, 2018

Christian Bittar, an ex-Deutsche Bank trader, pleaded guilty on 2 March to conspiracy to defraud in connection with the Serious Fraud Office’s ongoing investigation into the manipulation of the Euro Interbank Offered Rate.

A court order restricting reporting of the plea was lifted on 15 March.

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.

The SFO announced that it had decided to accept allegations of the manipulation of LIBOR and EURIBOR for investigation in July 2012.

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