By James Salmon, Banking Correspondent Online The Daily Mail. City of London police and the Serious Fraud Office arrested the unnamed man at an address in Billericay in Essex on Friday morning. The SFO refused to give any more details, confirming only that an individual had been arrested in connection with one of its investigations. But sources confirmed that the individual worked at RBS and was involved in the trading of foreign current rates. Those found guilty of fraud should be sent to jail. Sources confirmed that the individual worked at RBS and was involved in the trading of foreign current rates. The development emerges as RBS is this week expected to give an update on its internal investigation into the Forex market, and the punishment meted out to rogue employees. It suspects that 50 former and current staff may have been involved - compared to just 21 involved in the Libor interest rate rigging conspiracy which also led to huge fines for banks, including RBS. It will be expected to demonstate it has taken a hard-line, piling the pressure on the SFO to make further arrests. John Mann, a Labour rbs of the Treasury Select Committee said: Those involved should be held to account. But I would also expect those arrested to reveal the senior managers who turned a blind eye. Some are likely online be current or former employees of Barclays. Pressure is growing on the Government and authorities to claim the scalp of a high profile banker. More than seven years since the run on Northern Rock, not a single senior banker has been jailed for their role in the financial crisis. So far the Serious Fraud Office has arrested 13 employees for manipulating Libor interest rates used to set the cost of mortgages. Just one has been charged after pleading guilty in October to conspiracy to defraud. The names of the individual and those 12 others arrested have been protected by a court order. First arrest in forex scandal: RELATED ARTICLES Previous 1 2 Next. 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And what is the point of doing research and formulating an argument when reams of information on virtually any topic are available at the click of a button on the Internet.
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Our founding father, Muhammad Ali Jinnah, and National poet, Allama Muhammad Iqbal had high hope from our youth.
None of the money ends up in the classrooms, neither in attracting better, more motivated teachers nor in classroom materials.
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