October 18th, 2013

LIBOR Media Advisory Note: Strictly Not For Publication

From the Attorney General’s Office:

Media Advisory Note: strictly not for publication
17 October 2013

Current LIBOR trials

Former Citigroup and UBS Trader Tom Hayes has been charged with eight counts of conspiracy to defraud. These charges arise from the on-going LIBOR investigation. A Plea and Case Management Hearing is listed for the 21st October at Southwark Crown Court. Two other defendants charged with LIBOR related offences, Terry Farr and James Gilmour, will also be appearing on that date.

Editors and publishers are reminded of their responsibilities under the Contempt of Court Act 1981.The Attorney General is conscious that this case will be of particular interest to City and financial journalists who may be less familiar with the law of contempt then colleagues who more regularly report on the criminal courts. The Attorney General asks that editors and publishers take steps to ensure all online and hard copy editions of their publications avoid any commentary or reporting which may pose a risk of breaching the Contempt of Court Act.

In particular, the Attorney General draws attention to the risks in publishing material that asserts or assumes, expressly or implicitly, the guilt of an accused person or that otherwise interferes with the administration of justice in this case – such as by pre-empting the decision of the trial Judge or Judges as to the evidence to be called before the jury.

Editors and publishers should take legal advice to ensure they are in a position to fully comply with the obligations they are subject to under the Contempt of Court Act 1981.

Ironically you can read the names that the Wall Street Journal were forced to pull from their website by a Court Order in the bastion of freedom that is China. They are in the print edition of the WSJ Asia Edition..


59 Comments

  1. 1
    Someone says:

    The Attorney General might like to spend a bit of time on finding out why Andy Burnham is still at large.

    Like

  2. 2
    REDACTED says:

    I hear their names are XXXXX XXXXX, XXXX XXXXXXX, and XXXXXXXXX XXXXXXXXXXXXX.

    Like

  3. 3
    Denis says:

    Does this mean Geedo is going to prison?

    Like

  4. 4
    I hate the McCunts says:

    “The Attorney General asks that editors and publishers take steps to ensure all online and hard copy editions of their publications avoid any commentary or reporting which may pose a risk of breaching the Contempt of Court Act.”

    Agreed. Let’s talk about the fucking annoying McC-unts instead.

    Like

    • 30
      Plod McPleb says:

      We want to talk about someone who called us names.

      Sticks and stones may break our bones but we don’t get any compo for name calling. Yet.

      Like

  5. 5
    Carry Hole is a porcine homunculus says:

    Tom Hayes,Terry Farr and James Gilmour and named in the injunction.

    BUT WHO ELSE IS (that’s who reporting is restricted on)?

    Like

    • 17
      Lord Stansted says:

      Could it be that the Crown wants defendants to seek anonymity. because there may be someone unkown “out there” who could supply evidence for the Defence?

      Like

  6. 6
    Kevin Webster says:

    Why is the UK government protecting Bankers when at the same time allowing the names of half the Cast of Coronation street to be published?

    Like

  7. 8
    Ed Balls - Shallow Chancer says:

    █████████████ ██████ ██████ █ ███████

    ██████ ██████ ███ ██████████ .

    Clearly, I had no knowledge of this during all the time I was Gordon Brown’s Groom of the Stool.

    Like

  8. 9

    Gloria in excelsis Piero

    Found them!

    
                   ,s{{{}}}s
                 ,{{{}}}}}}{},
                {{{{,}}}}}}}}}}
               ,"   }{}}}{},{{}}
              {{~  ~{  }}{/ )}}}
               `/   }    `,J{{{{
                `   `    (  )}}
                 \=-  _,-'`" {{{_
               ,--`-="  `-._,'   `--.,
              /   \\    __            \
             /    /;_,-'--'            :
            /    /   ,-"--'         \   :
           /    /   _,--="          ,   |
          /    ;  ;" o   '        o `   |
         /   ,'  ;\       :  \       )  :
        / ,-'  ,'| `. __,'    `. __,'\   :
       (      ;  |                |   \  |
        \   ,'  /                 ;   ;  :
         `.'  ,'                 /  ,'  ;
            ,'         8        / ,'  .'
           ;          '        /,'  ,'
          /                   ,'  ,'
         ;         \   _,-=*"'  ,'
         :          \ '-'.    ,"\
         :          |$$,', , ;   \
         :          ,-', ,  ;     \
          \         `""_,_,'       \
          `        /     \          \
           '      ,'      `          \
           |      :        `.         \
           |      :          `.        \
           |      ;            `.       \
    

    Like

  9. 11
    Rolf Harris says:

    Is it too late to protect my name?

    Like

  10. 18
    Rev I M Jolly says:

    Verily, it is easier for a moneylender to pass through the eye of fish, than for a camel to.

    Like

  11. 21
    Incapable Vince, deputy Chief Cockroach says:

    Royal Mail shares hit a fiver.

    WOOOP WOOOP !!

    Like

  12. 22

    Iain Dale calls Chris Bryant a big man…

    Like

  13. 29
    Gordon says:

    It was the right thing to do.

    Like

  14. 39
    Casual Observer 4 says:

    They are not mentioning the I’CAP dimension in that letter. I’CAP are quite large donors to Conservatives (via M’ichael S’pencer).

    The ICAP brokers involved would perhaps give leads to others by implication.

    Any Labour donors being obfuscated ?

    Like

  15. 40
    Sally Bercow says:

    Why is ██████████ trending? *innocent face*

    Like

  16. 41
    Big Bang says:

    The maximum they will have to do is 19 years.

    All life on earth (well big life) is going to be destroyed in 2032

    http://www.dailymail.co.uk/sciencetech/article-2465563/Will-world-end-2032-Ukrainian-astronomers-discover-massive-asteroid-hit-earth-power-2-500-nuclear-bombs.html

    Like

  17. 42

    Am leading WSJ Asia light now:

    罗伯特钻石,弗雷德·古德温,维克多莫尔斯。
    无法读取最后一个。
    趣谈污渍…

    Like

  18. 43
    ██████████ says:

    It was just resting in my account.

    Like

  19. 46
    Casual Observer 4 says:

    The big rub is, any credit product sold during the period in which it can be proved that L’IBOR rigging took place is fraudulent and void.

    This is being argued against in the UK in some test cases, such as G’uardian C’are Homes vs B’arclays :

    http://tinyurl.com/qjfswko

    Globally this is a much bigger problem for the banks.

    Like

  20. 53
    albacore says:

    Ain’t the law supposed to be all precision?
    That there order don’t arf invite derision
    Beaks that can’t distinguish between “then” and “than”
    Need to be replaced by some bumbler that can
    And when it comes to splitting infinitives
    That Dickens jibe, “The law is a ass” still lives

    Like

  21. 56
  22. 57
    Timmytour says:

    “In particular, the Attorney General draws attention to the risks in publishing material that asserts or assumes, expressly or implicitly, the guilt of an accused person or that otherwise interferes with the administration of justice in this case”

    That would have made Ed Miliband’s comments at a PMQ very interesting if Andrew Mitchell had ended up being prosecuted….I wonder if he’d use parliamentary privilege to name those involved in the Libor scandal…bankers and at all levels ….who deserve to be named and shamed?

    Like

  23. 58
    Purlin Plains says:

    Like


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