The Serious Fraud Office is considering a criminal investigation into allegations of wrongdoing at the Royal Bank of Scotland’s global restructuring group, after claims the lender was forcing small companies out of business.
Tommy Suharto, the son of Indonesia's late president, has contacted the Serious Fraud Office in London to deny allegations that he was bribed by Rolls-Royce to persuade an Indonesian airline to buy the UK company's engines.
Barclays has become caught up in the new investigation by global regulators into the potential manipulation of the £3tn-a-day currency markets, in the latest set back for bank as it attempts to cleanup in its reputation in the wake of the Libor rigging scandal.
The Serious Fraud Office has written to 22 individuals to tell them they are facing investigation for potential Libor rigging, a London court heard on Monday.
U.K. prosecutors may bring another round of charges against traders and brokers linked to the Libor scandal as soon as next month, according to lawyers familiar with the investigation, now in its fifth year.
Barclays revealed on Monday that it is contesting a £50m fine by the City regulator, which claims the bank behaved "recklessly" in the controversial 2008 fundraisings that allowed it to avoid a taxpayer bailout.
HSBC has already been fined £1.2bn for breaching money-laundering rules and Royal Bank of Scotland and Barclays hit with major penalties for rigging Libor, but over the past two weeks Britain's major banks have warned shareholders of the wide range of investigations they still face that could lead to even more fines.
Two former RP Martin brokers charged over manipulation of the London interbank offered rate conspired with employees at UBS, Tullett Prebon, Rabobank and HSBC, U.K. prosecutors alleged in court papers.
GlaxoSmithKline has briefed criminal investigators from the Serious Fraud Office on its activities in China as chief executive Sir Andrew Witty prepares to face a questions this week over bribery and corruption allegations in one of the its fastest growing markets.
The UK was embarrassingly late to the Libor scandal.