Crime Solicitors

A report from Bloomberg has alleged that the Serious Fraud Office (SFO) is questioning current and former employees of Frankfurt-based German bank Deutsche Bank over Libor rate-rigging.

The Evening Standard reports that Deutsche Bank and the SFO have both declined to comment on the Bloomberg report. However, seven employees of Deutsche Bank have so far been sacked over the Libor rate-rigging scandal.

Libor is the London interbank offered rate, which calculates the daily cost for financial institutions borrowing money. The rate also affects consumers as it underpins the rate at which banks lend money. Setting an artificially high rate means more expensive loans, credit card interest and mortgage repayment rates for consumers.

It is reported that at least one of those questioned has been interviewed under caution, but no former or current Deutsche Bank employees have been charged.

Deutsche Bank was fined £1.6 billion earlier this year in settlements with UK and US regulators, including a £227m penalty imposed by the Financial Conduct Authority (FCA).

Duncan Lewis Fraud Lawyers

Duncan Lewis fraud lawyers can advise at any stage of a charge involving white collar crime, including advising at the start of an investigation or before charges are brought.

There are Duncan Lewis offices nationwide and a criminal defence lawyer can usually be at a police station for interview under caution in under an hour.

Duncan Lewis fraud lawyers are also available to attend interviews with other prosecuting authorities such as the SFO, FCA and HMRC.

For expert legal advice on all fraud charges, contact Duncan Lewis fraud lawyers on 020 7923 4020.

For 24/7 help at a police station, call the Duncan Lewis Emergency Hotline on 020 7275 2036.