Christian Bittar has conviction for rigging interest rates quashed
Source: The Guardian ·
Former City banker becomes eighth to clear their name, just days after five others were acquittedFormer City trader Christian Bittar has become the eighth person to have his conviction for rigging interest rates quashed, just days after five other former bankers also successfully cleared their names.Christian Bittar, who previously worked for Deutsche Bank, was convicted in 2018 of conspiracy to…
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Former City trader Christian Bittar has become the eighth person to have his conviction for rigging interest rates quashed, just days after five other former bankers also successfully cleared their names. Christian Bittar, who previously worked for Deutsche Bank, was convicted in 2018 of conspiracy to defraud. On Wednesday, the court overturned the convictions of Jay Vijay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon and Colin Bermingham, all of whom worked at Barclays. This week’s acquittals come just over a year after the UK supreme court overturned a decade-old ruling against the former UBS and Citigroup trader Tom Hayes and former Barclays trader Carlo Palombo. Their victory opened the door for the other traders to challenge their convictions. Bittar said after his acquittal: “I have waited a very, very long time for this day. Finally, the injustice of what I and others suffered has been recognised. I am so grateful for those who stood by me through this ordeal and…