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U.K. Regulators Reviewing Criminal Probe Over Oil Benchmarks

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Screen Shot 2013-07-15 at 16.05.05July 15, 2013: The U.K. antitrust regulator said it was reviewing whether there is enough evidence to start a criminal probe into manipulation of oil benchmarks while European Union officials conduct a civil investigation.

The U.K. Office of Fair Trading said it was working with prosecutors and regulators to determine which agency should take a lead role. The EU in May raided Platts, Royal Dutch Shell Plc (RDSA), BP Plc (BP/), and Statoil ASA (STL) as part of a civil investigation into the possible rigging of benchmark energy assessments.

To contact the editor responsible for this story: Anthony Aarons at [email protected]

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