Three ex-ICAP staff in court to face fraud allegations over Libor

Tim Wallace
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A TRIO of former workers at interdealer broker ICAP are due in court today over claims they were involved in efforts to manipulate key interest rate benchmark Libor.

Daniel Martin Wilkinson, Darrell Paul Read and Colin John Goodman face allegations of conspiracy to defraud. They are scheduled to appear at Westminster Magistrates’ Court at 10am.

The Serious Fraud Office (SFO) has now brought charges against nine people accused of involvement in alleged efforts to manipulate the benchmark.

They include former UBS and Citi trader Tom Hayes, ex-RP Martin brokers Terry Farr and James Gilmour and former Barclays’ staff Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas.

Wilkinson has hired law firm Byrne and Partners, Read has hired Kingsley Napley, and Goodman has hired Janes Solicitors. Lawyers for the three declined to comment.