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U.K. Serious Fraud Office Opted Against Libor Criminal Probe: FT

SFO decided against investigation last summer due to limited budget, FT reports, citing unidentified people familiar. *SFO now looking at evidence after lawmakers said bankers found to have manipulated Libor should face prison: FT *May probe whether breaches of Fraud Act occurred or whether there was false accounting, one person told FT. *SFO spokesman David Jones declined to comment when contacted by e-mail today.

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