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22 Under Investigation in Libor Case in Britain

22 Under Investigation in Libor Case in Britain

LONDON — British prosecutors have identified 22 individuals at various banks as potential co-conspirators in a wide-ranging inquiry into the manipulation of a global benchmark interest rate.

The individuals were notified last week by Britain’s Serious Fraud Office that they were being investigated, prosecutors and lawyers for some of the potential co-conspirators said at a court hearing in London on Monday.

The Serious Fraud Office notified the individuals that they had been named in court papers related to criminal cases brought this year against Tom A.W. Hayes, a former Citigroup and UBS trader, and two other former brokers at RP Martin Holdings in London and that the co-conspirators’ names might be released in court as early as Monday.

None of the individuals identified as co-conspirators has been charged criminally and some have yet to be interviewed by the regulator despite volunteering to do so, their lawyers said.

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