Ex-Barclays Trader Says Sushi Wasn’t a Bribe to Fix Libor
- Contogoulas gives evidence in the trial for the first time
- He had impression Libor requests a ‘regular and normal thing’
Stylianos Contogoulas is seen arriving at Southwark Crown Court in London, on March 3, 2014.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
A former Barclays Plc trader on trial for rigging Libor said it was made clear to him that he’d have to help manipulate the benchmark as soon as he joined the bank’s swaps desk.
Stylianos Contogoulas told a London jury that his boss, Fred Gourtay, took him to meet the money markets desk and that he was introduced to Libor setter, Peter Johnson.