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LIBOR TRADERS MAKE ALLEGATIONS AGAINST SFO WITNESS

2 August 2017

Two former Libor traders, including one convicted for conspiracy to rig the global interest rate benchmark, have complained to the police about an expert witness used by the Serious Fraud Office (SFO).

Tom Hayes, a former UBS and Citigroup trader jailed in 2015, and Ryan Reich, an acquitted former Barclays trader, have sent reports to the Metropolitan Police about the conduct of SFO witness, Saul Haydon Rowe.

Hayes and Reich allege that Rowe, the SFO’s chief banking witness, might have misled the SFO, the defence, judges and juries during four criminal trials. They are calling on the police to determine whether Rowe perverted the course of justice, perjured himself or committed fraud by false representation or failing to disclose information.

Rowe, a former trader, denied in court earlier this year that he had misled the SFO and jurors about his expertise.

Aziz Rahman, of Rahman Ravelli, said: “We are far from knowing definitively what the outcome of this will be. But it does at least show that there is always scope for challenging the SFO.

“While the SFO puts plenty of time, effort and resources into its investigations, a shrewd defence team should always be capable of challenging the evidence produced and assumptions made by it.’’

Read our article: DEFENDING SFO ACCUSATIONS


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