UK/NZ agency pursuing major financial crime and fraud cases
The Court of Appeal has quashed the convictions of five Barclays traders tied to Libor and Euribor manipulation. This follows the Supreme Court’s 2025 overturns of other traders’ convictions. The Serious Fraud Office says it does not oppose retrials for Hayes and Palombo and will not contest the appeals of the five Barclays traders.
Beard and Gibson face charges of conspiring to make corrupt payments to government and state-owned oil officials in Nigeria, Cameroon and the Ivory Coast. The six former Glencore traders deny the allegations as their trial approaches. The case follows a 2024 verdict against Javier Aguilar for corruption at a major trading house.