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SFO fails to secure convictions of six City brokers in Libor case

SFO fails to secure convictions of six City brokers in Libor case
Author Avatar
Legal Business
28 January 2016
Finance

Constituting a major blow to the Serious Fraud Office, a UK jury has acquitted six City brokers who were alleged to have helped manipulate the London interbank offered rate (Libor), just months after the high profile conviction of former banker Tom Hayes.

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