**BREAKING NEWS: Former Deutsche Bank Trader Christian Bittar’s Rate-Rigging Conviction Overturned**
In a significant development, the UK Court of Appeal has quashed the conviction of Christian Bittar, a former Deutsche Bank trader who was jailed in 2018 for rigging benchmark interest rates.
Bittar had been sentenced to five years and three months in prison after pleading guilty to conspiracy to defraud, becoming a key figure in the global crackdown on the manipulation of interbank lending rates.
The Court of Appeal’s decision means that Bittar’s conviction has been set aside. The full details surrounding the grounds for the appeal and the implications for the Serious Fraud Office (SFO), which prosecuted the case, are expected to emerge.
This ruling marks a major turn in one of the most high-profile cases stemming from the LIBOR/Euribor rate-rigging scandal, raising questions about the prosecution’s evidence and methodology in such complex financial crime cases.
