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Five more rate-rigging convictions may be ‘unsafe’ after Tom Hayes ruling, SFO says

Prosecutor says jury directions criticised by Supreme Court may also apply to other ex-traders’ cases

Tom Hayes outside the Supreme Court during the appeal over his conviction for rate rigging
Tom Hayes outside the Supreme Court during the appeal over his conviction for rate rigging Photo: Bloomberg via Getty Images

The Serious Fraud Office said five more rate-rigging convictions may be “unsafe” after the UK’s Supreme Court overturned the conviction of Tom Hayes in July.

Jury directions given at Hayes’ trial that led the Supreme Court to quash his conviction may also apply to the cases of former Barclays traders Jonathan Mathew, Jay Merchant, Alex Pabon, Philippe Moryoussef and Colin Bermingham, the SFO said in a statement.

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