U.S. investigators conducting a criminal probe of
interest-rate manipulation have asked their British counterparts for permission
to interview London traders, two people familiar with the investigation told Bloomberg.
The U.S. Department of Justice filed a request with the U.K.
Home Office for access to dozens of bankers in conjunction with British
prosecutors that are also investigating the rate rigging, said one of the
people, who asked not to be identified because the proceedings haven’t been
made public.
The move may indicate the U.S. wants to pursue criminal
charges against individuals in the U.K. that could lead to extradition, said
Bradley Simon, a former federal prosecutor in Brooklyn, New York. It “won’t
deter them in the least” that U.K. prosecutors are also involved, he said. “They don’t hesitate to charge non-U.S.
citizens abroad and I know that this case is being investigated within the
antitrust division of the Justice Department, which is known to take their
cases very seriously….”
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