Trader charged over 'fraud plot'


Police tape

A City trader has been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of the Libor interbank lending rate.

Former UBS and Citigroup trader Tom Hayes, who is 33 and from Surrey, was one of the three individuals arrested on December 11 by officers from the Serious Fraud Office (SFO) and City of London Police.

He attended Bishopsgate police station on Tuesday morning where he was charged by City of London Police with eight counts of conspiracy to defraud. He will appear before Westminster Magistrates' Court at a later date.

The SFO said its investigation into the manipulation of Libor continues.