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UK court delays Libor hearing for ex-Barclays traders

Mon, 03rd Mar 2014 11:10

LONDON, March 3 (Reuters) - A preliminary hearing for threeformer Barclays traders charged with running a two-yearscheme to manipulate Libor benchmark interest rates has beenpostponed until Tuesday.

The judge overseeing the hearing was unable to attend thescheduled start on Monday, forcing it to be adjourned for a day.

Britain's Serious Fraud Office alleges that Peter CharlesJohnson, 59, Jonathan Mathew, 33, and Stylianos Contogoulas, 42,either submitted or agreed to procure false or misleading dollarLibor rates between June 2005 and August 2007 to benefit fromtrading positions.

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