UK police said to make first arrest in currency- rigging probe

London

UK police made the first arrest in connection with global probes into allegations that traders at the world's biggest banks colluded to manipulate currency rates on Friday, according to a person with knowledge of the matter.

The Serious Fraud Office (SFO) said that an unidentified man was arrested in Billericay, a town in Essex, east of London. The arrest was in connection with the SFO's criminal investigation into the currency-rigging allegations, the person said, asking not to be identified because the details of the arrest are private.