Ex-Deutsche Trader Charged by U.K. in Euribor Manipulation Case
(Bloomberg) -- The U.K.’s Serious Fraud Office charged Andreas Hauschild, a former trader at Deutsche Bank AG, with conspiracy to defraud as part of an investigation into the manipulation of the Euribor interest rate benchmark.
In 2015, he was charged in the U.K. with 10 other traders for a conspiracy to rig Euribor, a benchmark that underlies trillions of dollars worth of financial transactions. Hauschild avoided trial then, along with three others, because Germany rejected an extradition request. A court in Frankfurt ruled at the time that the alleged crimes had taken place too long ago to be tried.
Hauschild’s next hearing will be on Oct. 24 at Southwark Crown Court, the SFO said in its statement.
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