UK prosecutor promises hefty evidence in first Libor fixing case

British prosecutors say they have extensive evidence against former trader Tom Hayes, the first suspect to come to court following a global investigation into the suspected rigging of interbank lending rates.

“To describe (the evidence) as voluminous would be rather an understatement,” Mukul Chawla, leading counsel for Britain’s Serious Fraud Office (SFO), told a preliminary court hearing.

via Business feed http://www.scmp.com/business/banking-finance/article/1275844/uk-prosecutor-promises-hefty-evidence-first-libor-fixing