Regulation

Convicted Libor rigger Tom Hayes has US indictment quashed as UK appeal continues

Hayes continues to claim he was scapegoated in the wake of the financial crisis as a decision on his UK future is 'imminent'

The former UBS and Citigroup trader hopes he will be headed back to the UK Court of Appeal after a win in the US
The former UBS and Citigroup trader hopes he will be headed back to the UK Court of Appeal after a win in the US Photo: Simon Dawson/Getty Images

Convicted Libor rigger Tom Hayes has had an indictment against him in the US dismissed, as the former UBS and Citigroup trader continues to appeal his sentence in the UK.

US prosecutors who filed charges against Hayes were asked to dismiss their case after the United States Court of Appeal overturned the convictions of two Deutsche Bank traders for similar offences, court documents show.

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