A closer look at “Former Deutsche Bank trader Christian Bittar has Euribor rigging conviction quashed”, exactly as the source publishes it. Christian Bittar, a former Deutsche Bank trader, has become the eighth individual to have his conviction for rigging interest rates overturned. His 2018 conviction for conspiracy to defraud related to manipulation of the Euribor benchmark was quashed by the Court of Appeal, following the acquittal of five other former bankers just days earlier. Bittar, once one of Deutsche Bank's most profitable traders, had been sentenced to five years and four months in prison after a Serious Fraud Office prosecution.
The court found that the trial judge had misdirected the jury on the law, rendering the conviction unsafe. This latest ruling underscores the challenges prosecutors face in complex financial benchmark manipulation cases. The collapse of these convictions raises questions about the SFO's approach and may embolden other convicted traders to appeal. This listing links straight to the original page, where the content is available in full.