Three Men Arrested as Part of Libor Investigation

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Tuesday, December 11, 2012 1:27 PM / WSJ

Three British men have been arrested as part of an investigation into the rigging of Libor interest rates, the U.K. Serious Fraud Office said.

The SFO said the men, aged 33, 41 and 47, are being questioned at a London police station, and that it and the City of London Police executed search warrants on three homes in the southeast of England.

The arrests are the first by authorities amid a global probe into alleged rigging by bank personnel of the London interbank offered rate over several years.

References:http://online.wsj.com/article/SB10001424127887324024004578172912726034752.html?mod=djemalertNEWS

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