Libor scandal: Tom Hayes to appear in Old Bailey on Monday as Proceeds of Crime confiscation hearing begins

 
Hayley Kirton
Follow Hayley
BRITAIN-BANKING-FRAUD-FOREX-LIBOR-TRIAL
Hayes was blocked from appealing to the Supreme Court (Source: Getty)

Tom Hayes is due to head to court on Monday as he begins a legal battle over his assets, which prosecutors allege were purchased using proceeds from crime.

Hayes and his wife are due to attend a Proceeds of Crime confiscation hearing at the Old Bailey, London's central criminal court.

Hayes, a former Citigroup and UBS trader, was found guilty of eight counts of conspiracy to defraud for his role in manipulating Libor and was initially sentenced to 14 years, although the Court of Appeal later reduced this to 11 years on appeal.

Earlier this week, Hayes was blocked from appealing to the Supreme Court.

Related articles