SFO investigating 22 individuals over Libor, court hears

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The UK's Serious Fraud Office (SFO) is investigating 22 individuals who are allegedly co-conspirators in the rigging of Libor, London's Southwark Crown Court heard this week.

The 22 individuals are named as possible co-conspirators on a draft indictment against Tom Hayes, a former trader at UBS and Citi who faces criminal charges over the Libor scandal. Hayes has been charged with eight counts of conspiracy to defraud.

The alleged co-conspirators were notified by the SFO by letter on September 3