U.S. will seek extradition of two former UBS traders

WASHINGTON Wed Dec 19, 2012 11:04pm IST

An employee walks past a logo of Swiss bank UBS in Zurich December 19, 2012. REUTERS/Michael Buholzer

An employee walks past a logo of Swiss bank UBS in Zurich December 19, 2012.

Credit: Reuters/Michael Buholzer

Related Topics

Stocks

   

WASHINGTON (Reuters) - The United States will seek the extradition of two former senior UBS UBSN.VX(UBS.N) traders criminally charged as part of a probe into the bank's rigging of the Libor interest rate benchmark, a top U.S. official said.

"We're going to seek their extradition and our investigation continues," Lanny Breuer, assistant attorney general for the criminal division at the U.S. Justice Department, told a news conference on Wednesday.

The criminal complaints are against former traders Tom Hayes and Roger Darin.

"We believe that one of them is in England. The other one is in Switzerland," Breuer said.

"Mr. Hayes obviously was a very, very major trader, and we're going to continue to move forward."

(Reporting by Douwe Miedema; Editing by Jeffrey Benkoe)

FILED UNDER:

REUTERS EXCLUSIVE

Reuters Showcase

Documents' Leak

Documents' Leak

India widens oil leaks probe to defence ministry  Full Article 

Jim O’Neill Interview

Jim O’Neill Interview

'India can become world’s fifth-largest economy by decade’s end'  Full Article 

Food Security

Food Security

India will not cut multi-billion dollar food handout programme - PM  Full Article 

Ola's Expansion Drive

Ola's Expansion Drive

Taxi group Ola steps up expansion drive  Full Article 

Sahara Saga

Sahara Saga

Sahara's Grosvenor House hotel in London put up for sale   Full Article 

Suzlon Energy

Suzlon Energy

Suzlon expects to turn profitable in fiscal 2016: chairman   Full Article 

Eicher Motors Stake

Eicher Motors Stake

Volvo selling up to $300 mln worth of Eicher shares  Full Article 

Beef Trade

Beef Trade

Maharashtra clamps down on beef trade through new act  Full Article 

Budget 2015

Budget 2015

Budget announcements and reactions from the industry  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage