Former Deutsche Bank trader extradited to UK on rate rigging charge

A former senior Deutsche Bank trader has been extradited to the UK to face charges of manipulating a key lending rate.

Andreas Hauschild is accused of trying to influence Euribor – the European Interbank Offered Rate – following an investigation by the UK’s Serious Fraud Office (SFO).

He appeared at Westminster Magistrates Court on Saturday.

Hauschild was arrested in Italy in August 2018 after a trip to the country activated a European Arrest Warrant secured by the SFO in February 2016.

Extradition was initially refused by the German courts but granted by the Italian authorities during a hearing on October 12.

His next court appearance will be at Southwark Crown Court on October 24.

- Press Association

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