Ex-Societe Generale Trader Is 11th Charged by U.K. Over Euribor

  • Stephane Esper charged by the U.K. Serious Fraud Office
  • SFO charged another 10 traders over Euribor in November

Former Societe Generale SA trader Stephane Esper became the 11th person charged by the U.K.’s Serious Fraud Office over manipulation of the Euro Interbank Offered Rate.

Criminal proceedings have been issued against Stephane Esper, the SFO said in a statement Monday. Esper is due to appear at a London court on Jan. 11 alongside 10 other bankers from Deutsche Bank AG and Barclays Plc charged last month, the prosecutor said. They will be charged with conspiracy to defraud, the SFO said.

The SFO has charged 24 people in total in relation to the rigging of interest-rate benchmarks. Last month’s move was the first in relation to Euribor, the euro-counterpart of Libor.

The SFO wouldn’t provide the name of Esper’s lawyer for comment.

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