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Bankers face the prospect of jail as Serious Fraud Office launches criminal probe into interest-rate fixing

2 years agoNews : The Coming Crisis

Furious shareholders in Barclays are demanding the bank strips disgraced ex-boss Bob Diamond of his entitlement to an £18million bonus. The row emerged as the Serious Fraud Office confirmed it is pursuing criminal investigations against bankers involved in an industry-wide conspiracy to rig crucial interest rates.The SFO failed to conduct an inquiry last year because of lack of funding; its budget has been cut by 38 per cent over five years.
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