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Serious Fraud Office joins investigation into JP Morgan’s £3.9bn ‘London Whale’ losses

Serious Fraud Office joins investigation into JP Morgan’s £3.9bn ‘London Whale’ losses

“We are liaising with our US counterparts as well as the [Financial Conduct Authority] over this case,” a spokesman for the SFO said.

The disclosure comes after the US Department of Justice (DoJ) brought criminal fraud charges against two London-based traders – Javier Martin-Artajo and Julien Grout – who allegedly masked the size of losses. American prosecutors are seeking the arrest and extradition of Mr Martin-Artajo and Mr Grout

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