Barclays executives 'directly linked to Libor rigging'

25 January 2013

Executives at Barclays have been directly linked to the Libor manipulation scandal, it has emerged this morning (25 January).

According to Tim Lord, a lawyer working on the case, evidence collated by regulators offers a clear indication that individuals such as former chief executive Bob Diamond were aware of the financier's role in rigging the key interbank rate.

Citing supposed communications from the "31st floor" of Barclays' headquarters at Canary Wharf in London, where the offices of senior members of staff were located, Mr Lord - who is representing Guardian Care Homes, an alleged victim of the bank's malpractice - said the likes of Mr Diamond and finance director Chris Lucas were active in this fiasco.

Earlier, Mr Justice Julian Flaux dismissed requests submitted by 104 Barclays employees to the High Court for anonymity in this investigation on the grounds that their identities should be known on the grounds of public interest.

By Asim Shah

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