Last week the Court of Appeal refused to overturn the convictions of Tom Hayes and Carlo Palombo, the two ex-traders who were jailed for rigging interest rates in the LIBOR scandal. But the saga continues, as both men are putting in applications to have their appeals taken to the Supreme Court.
The ruling will be a huge relief for the SFO, which would have been placed in a very tricky position if the convictions had been overturned – not least because Tom Hayes has already served five years of his sentence. However, the question remains: was this judgement fair? Top politicians don’t think so, and agree that the Supreme Court should hear the appeal.
