Former RP Martin employees charged in connection with Libor probe

UK authorities have charged two former RP Martin brokers with fraud offences connected with the Libor interbank lending rate.

The Serious Fraud Office (SFO) have published the following:

Terry Farr and James Gilmour, former brokers at RP Martin Holdings Limited, have today been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of LIBOR.

Terry John Farr (41 years) and James Andrew Gilmour (48 years), of Essex were arrested on 11 December 2012 (along with Tom Hayes) by officers from the SFO and City of London Police. They attended Bishopsgate police station this morning where they were each charged by City of London Police, James Gilmour with one count of conspiracy to defraud, and two counts of the same offence for Terry Farr. They will appear before Westminster Magistrates Court at a later date.

The SFO's investigation into the manipulation of LIBOR continues.