Two merchants jailed for rigging benchmark rates of interest have had their convictions overturned by the Supreme Court.
Tom Hayes, 45, was handed a 14-year jail sentence – reduce to 11 years on attraction – in 2015, which was one of many hardest ever to be imposed for white-collar crime in UK historical past.
The former Citigroup and UBS dealer, together with Carlo Palombo, 46, who was jailed for 4 years in 2019 over rigging the Euribor rates of interest, took their circumstances to the nation’s highest court docket after the Court of Appeal dismissed their appeals final 12 months.
Read extra on the Sky News web site: https://news.sky.com/story/traders-jailed-for-interest-rate-rigging-have-convictions-overturned-13400511
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