Final broker cleared in Libor-rigging trial
A sixth and final defendant has been cleared of trying to manipulate the official Libor interest rate used for lending between banks.
Darrell Read, 50, of Wellington, New Zealand, was found not guilty of conspiracy to defraud by a jury at London's Southwark Crown Crown.
His five-co defendants were also cleared yesterday of by trying to manipulate the Libor rate linked to the Yen.
All six men in the trial had been accused of helping trader Tom Hayes to manipulate the Libor rate over a period of four years.
Hayes was was convicted of conspiracy to defraud earlier this year.