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He was moved to the West Sussex facility in 2019 ahead of his release, having spent the majority of his sentence in a maximum-security prison

Former City editor

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Tom Hayes is set to be released from prison on 29 January, after serving more than five years for rigging the Libor benchmark.

The former UBS and Citigroup trader was convicted in 2015 of rigging the London interbank offered rate, a benchmark that helps to determine interest rates on mortgages and big corporate loans.

HOLDFORLM Tom Hayes to be released from prison

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Tom Hayes to be released from prison

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