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Evening Standard
Evening Standard
National
Tristan Kirk

Banker's fraud convictions over rate rigging 'could be unsafe', officials admit after Supreme Court defeat

Carlo Palombo Tom Hayes SFO Barclays the Serious Fraud Office Peter Johnson the Supreme Court the Court of Appeal
Several Barclays bankers were convicted of rate rigging - (Getty Images)

Five criminal convictions against bankers accused of interest rate rigging may be “unsafe”, the Serious Fraud Office (SFO) has conceded in the wake of a bombshell Supreme Court defeat.

A string of prosecutions were brought through the UK courts around a decade ago over allegations of criminal malpractice within some of the City’s top financial institutions.

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