Coferal sells stake.

Kathimerini English - - Front Page -

clays traders have been found guilty by a Lon­don jury of con­spir­ing to fraud­u­lently ma­nip­u­late global bench­mark in­ter­est rates in a stark warn­ing to ju­nior bankers and a ma­jor vic­tory for Bri­tain’s Se­ri­ous Fraud Of­fice (SFO). The ver­dicts bring to five the num­ber of people con­victed in Lon­don for being part of a global financial con­spir­acy that has forced banks to pay fines of $9 bil­lion, dis­cred­ited rates like Li­bor and helped shred pub­lic faith in the bank­ing in­dus­try. Re­port­ing restric­tions on the ver­dicts were lifted yes­ter­day af­ter the jury failed to reach a ver­dict on two other de­fen­dants, 44-year-old Greek-born Stylianos Con­to­goulas and Amer­i­can Ryan Re­ich, 34. The SFO now has 14 days to de­cide if it will seek a fresh trial for them.

Con­cept Lib­erty Group SA stated that Cyprus-based Coferal En­ter­prises Ltd has sold 941,531 of the com­pany’s shares, rep­re­sent­ing a 65.48 pct stake in the com­pany. Fol­low­ing the trans­ac­tion, Coferal En­ter­prises does not hold any Con­cept Lib­erty Group shares.

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