London court quashes rate-rigging conviction of ex-Deutsche Bank trader Bittar
London court quashes rate-rigging conviction of ex-Deutsche Bank trader Bittar LONDON, Oct 9 (Reuters) - Christian Bittar, a former star Deutsche Bank DBKGn.DE trader jailed in Britain for conspiring to rig benchmark interest rates, won an appeal to clear his name on Friday despite pleading guilty eight years ago.
Bittar was sentenced to five years and four months after pleading guilty in 2018 to rigging Euribor, the Euro interbank offered rate, which helps determine rates on trillions of dollars of financial contracts and loans worldwide.
But London's Court of Appeal on Friday quashed the conviction, saying it would publish its reasons later.
Bittar brought his appeal after senior judges on Wednesday overturned the convictions of five former Barclays BARC.L traders, further unspooling some of the UK Serious Fraud Office's most high-profile prosecutions.
(Reporting by Kirstin Ridley; Editing by Joe Bavier)
((kirstin.ridley@thomsonreuters.com; +44 (0) 207 513 5666;))
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