LONDON Feb 7 Six traders pleaded not guilty on
Tuesday to charges they tried to rig global interest rates in
the first prosecution to focus on Euribor, the Brussels-based
equivalent of Libor.
The five men and one woman who appeared at London's
Southwark Crown Court included Christian Bittar, 45, who was
once one of Deutsche Bank's most profitable traders,
and former senior Barclays trader Philippe Moryoussef,
48. Both are French and now based in Singapore.
Achim Kraemer, a 52 year-old German still employed by
Deutsche, and former Barclays traders Colin Bermingham, a
60-year-old Briton, Anglo-Italian Carlo Palombo, 38, and Sisse
Bohart, a 39-year-old Dane, are also facing charges.
They were all charged with one count of conspiracy to
defraud between January 2005 and December 2009 by making or
procuring false or misleading Euribor rates to boost trading
profits. The offence carries a maximum 10-year jail term.
Their trial has been scheduled to begin on September 4.
(Reporting by Kirstin Ridley, Editing by Rachel Armstrong)