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Deutsche Bank Accused of Libor Fixing in Unitech Lawsuit

An Indian property developer suing Deutsche Bank AG over an interest-rate swap agreement told a U.K. judge it wants to add accusations to the lawsuit that the lender manipulated the London interbank offered rate.

Unitech Ltd.’s $150 million loan and related swap contract is invalid because they were linked to Libor, which had been improperly fixed by banks including Deutsche Bank, according to the company’s filings for a London court hearing today.