UK Serious Fraud Office Accepts Libor Investigation

LONDON (MNI) – The Libor scandal intensified Friday, with the
Serious Fraud Office announcing it is investigating.

SFO head David Green stated the organization is to “formally accept
the Libor matter for investigation.”

The Libor rigging scandal has already resulted in the departure of
Barclays Chief Executive Officer Bob Diamond, and Bank of England Deputy
Governor Paul Tucker is to appear before the Treasury Select Committee
Monday.

– London newsroom: 00 44 20 7862 7491; e-mail: drobinson@marketnews.com

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