A Wellington man accused of trying to manipulate international banking rates will soon learn his fate, with a London jury beginning to deliberate their verdicts in his case.
British ex-pat Darrell Read is accused of conspiring with two colleagues at London-based broking house ICAP, to make false submissions for Yen Libor for the benefit of one of their clients.
The trial of Read and his co-accused began in October and wrapped up last week with a judge telling the jury not to convict the six former brokers unless evidence showed they played a "significant" part in an alleged plot to help rig benchmark interest rates.
That jury is now considering its verdicts.
Libor -- or the London interbank offered rate -- is set every morning and is a key part of the relationship between borrowers and lenders around the world.
