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Three British men arrested in UK Libor probe

Dec 11 2012 Matt Scuffham, Reuters

British police and anti-fraud officers made the first arrests in a global interest rate rigging scandal on Tuesday, detaining a former trader and two other men, sources said. Britain's Serious Fraud Office (SFO), one of a posse of international prosecutors and regulators homing in on rate fixers, said three British men aged 33, 41 and 47 had been taken to a London police station in the early morning for questioning. "The men are all British nationals currently living in the United Kingdom," the SFO said. A spokesman said interviews were continuing into the evening. One of those arrested was former Citigroup and UBS trader Thomas Hayes, according to a source familiar with the situation. The two other were Terry Farr and James Gilmour, who both worked at interdealer broker RP Martin, according to a separate source, who also spoke on condition of anonymity. Hayes, Farr and Gilmour could not be immediately reached for comment. On his LinkedIn page, Farr is listed as

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