Michael Bagguley,a prosecution witness in the trial of five former Barclays traders, denied any involvment in or knowledge of rate riggingSenior Barclays executive Michael Bagguley told a London court that he had never sought to influence Libor benchmark interest rates, and instructed others to finish so,or seen any evidence of manipulation between 2005 and 2007.
Former Barclays traders Stylianos Contogoulas, Jay Merchant, or Alex Pabon and Ryan Reich and former Barclays rate submitter Jonathan Mathew are standing trial after all pleading not guilty to one charge of conspiracy to defraud by manipulating US dollar Libor rates between June 2005 and September 2007.
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Source: theguardian.com