by: Tyler Durden
July 20, 2012
Here is The Telegraph with a smoking gun that was promptly buried in the avalanche of sudden media coverage in the aftermath of the Barclays Liborgate settlement.
Tan Chi Min, a former RBS trader who claims he was wrongfully dismissed by the bank after it fired him for allegedly trying to manipulate Libor – the average rate at which banks lend to each other – said he had received the request in 2007 from Brevan Howard.
“Brevan Howard telephoned on 20 Aug 2007 to ask the defendant to change the Libor rate,” according to a paper filed with the Singapore High Court cited by Bloomberg.