Libor scandal: Tom Hayes application to appeal to the Supreme Court refused by Court of Appeal

 
Hayley Kirton
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Tom Hayes, who was convicted for offences in relation to manipulating Libor last year, has today had his application to appeal to the Supreme Court refused by the Court of Appeal.

Hayes, a former UBS and Citigroup trader, was convicted on eight counts of conspiracy to defraud at a trial at Southwark Crown Court last August, although his prison sentence was reduced from 14 years to 11 years by the Court of Appeal in December.

A press statement issued on behalf of Hayes said that he was "disappointed" by today's decision and he would continue "to pursue all avenues available to [him] to clear [his] name".

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