Britain opens probe into foreign exchange rigging

London: British authorities on Monday launched a criminal probe into allegations of price rigging in foreign exchange markets, the Serious Fraud Office said. 

‘The director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market,’ it said in a statement, without giving further details.

EU, British, and US and other regulators have levied huge fines on some of the world’s biggest banks and investment houses for manipulating currency markets worth trillions of dollars.