Essex: Three Held In Libor Rigging Inquiry

Three men from Essex and Surrey have been arrested in connection with rigging the interbank lending rate.

The Serious Fraud Office (SFO) says the men - who are 33, 41 and 47-year-old - have been taken to a police station in London following searches at a property in Surrey and two premises in Essex.

The SFO opened its investigation into Libor manipulation in July after Barclays was fined £290 million by US and UK regulators for rigging the key lending rate which affects mortgages and loans.

Other banks are also subject to investigation.