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U.K. regulators consider criminal probe into oil-price fixing

Posted on 16 July 2013

The U.K. antitrust regulator is considering a criminal probe into oil-price manipulation as European Union officials conduct a civil investigation. The Office of Fair Trading is liaising with U.K. agencies including the Serious Fraud Office and Financial Conduct Authority “to establish whether there is sufficient available evidence to warrant a criminal investigation, and if so who is best placed to take action,” it said.
Prosecutors at the SFO said in May that they were “urgently reviewing,” whether to start a criminal inquiry………………………………………..Full Article: Source


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