Banken: Verurteilung von Ex-Deutsche-Bank-Händler wegen Zinsmanipulation aufgehoben
Christian Bittar hatte sich schuldig bekannt und fast zwei Jahre im Gefängnis gesessen. Nun hebt ein Londoner Berufungsgericht die Verurteilung wegen Zinsmanipulation auf.
On Friday, the Court of Appeal in Britain overturned the conviction of former Deutsche Bank trader Christian Bittar for manipulating reference interest rates. Despite having been found guilty over eight years ago and serving a 23-month prison sentence, Bittar was released on Friday. Bittar, nicknamed "Mr. Basis Point" for his bets on minute changes in short-term interest rates, did not attend the court in person but followed the proceedings via online transmission.
This overturns a series of convictions against traders for manipulating key interest rates. In a similar case, former UBS trader Tom Hayes' conviction was also overturned by the Supreme Court last year, with the court ruling that the jury had been misled. Earlier this week, the convictions of five former Barclays traders were also set aside.
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